Last Week,you Purchased a Call Option on Collins,Inc

question 10

Multiple Choice

Last week,you purchased a call option on Collins,Inc.stock at an option price of $1.05.The stock price last week was $29.00.The strike price is $28.20.What is the intrinsic value per share if Collins,Inc.stock is currently priced at $29.65?

• A)-$0.50
• B)$0.50
• C)$0.80
• D)$1.30
• E)$1.45

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