A 6-Month Call Option on Romer Technologies' Stock Has a Strike

question 4

Multiple Choice

A 6-month call option on Romer Technologies' stock has a strike price of $45 and sells in the market for $8.25.Romer's current stock price is $48.What is the exercise value of the option?

• A)$3.00
• B)$3.75
• C)$4.69
• D)$5.86
• E)$7.32

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