You Own a Call Option on Jasper Co

question 78

Multiple Choice

You own a call option on Jasper Co.stock that expires in one year.The exercise price is $42.50.The current price of the stock is $56.00 and the risk-free rate of return is 3.5 percent.Assume that the option will finish in the money.What is the current value of the call option?

• A)$13.04
• B)$13.50
• C)$13.97
• D)$14.94
• E)$15.46

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