The Common Stock of Hazelton Refiners Is Selling for $56

question 58

Multiple Choice

The common stock of Hazelton Refiners is selling for $56.10 a share. U.S. Treasury bills are currently yielding 3.4 percent. What is the current value of a one-year call option on this stock if the exercise price is $55 and you assume the option will finish in the money?

• A) $0
• B) $3.74
• C) $2.57
• D) $3.18
• E) $2.91

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