The Common Stock of Hazelton Refiners Is Selling for $72

question 53

Multiple Choice

The common stock of Hazelton Refiners is selling for $72.30 a share.U.S.Treasury bills are currently yielding 4.8 percent.What is the current value of a one-year call option on this stock if the exercise price is $70 and you assume the option will finish in the money?

• A)$0
• B)$1.20
• C)$3.00
• D)$4.20
• E)$5.51

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Definitions:

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Innovative Solutions

Creative and effective ways to solve problems or address challenges that are typically novel and unique to specific situations.

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