Last Week, You Purchased a Call Option on Denver at an Option

question 78

Multiple Choice

Last week, you purchased a call option on Denver at an option price of €1.05.The share price last week was €28.10.The strike price is €27.50.What is the intrinsic value per share if Denver is
Currently priced at €29.03?

• A)-€1.05
• B)€0
• C)€.48
• D)€.93
• E)€1.53

---

Definitions:

Bill of Rights

The first ten amendments to the U.S. Constitution, guaranteeing fundamental rights and protections to American citizens.

Legal Persons

Entities that have legal rights and obligations, including the capability to own property, enter into contracts, and sue or be sued, can be either individuals or organizations such as corporations.

Personal Jurisdiction

The legal authority of a court over the parties to a lawsuit, based on their geographic or other relevant connections to the location where the court sits.

Service of Process

The procedure by which a party to a lawsuit gives an appropriate notice of initial legal action to another party (such as a defendant), court, or administrative body, thus allowing them to respond to the proceeding.