Last Week,you Purchased a Call Option on Edgewater Stock with a Strike

question 76

Multiple Choice

Last week,you purchased a call option on Edgewater stock with a strike price of $40.The stock price was $39.80 and the option price was $0.45 at that time.What is the intrinsic value per share if the stock is currently priced at $39.10?

• A)-$90
• B)-$70
• C)$0
• D)$70
• E)$90

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Stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

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