A 6-Month Call Option on Romer Technologies' Stock Has a Strike

question 12

Multiple Choice

A 6-month call option on Romer Technologies' stock has a strike price of $41.00 and sells in the market for $8.25.Romer's current stock price is $47.00.What is the exercise value of the option? Do not round your intermediate calculations.
?

• A) $6.00
• B) $6.06
• C) $5.46
• D) $7.32
• E) $6.66

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