The following quotes were observed for options on a given stock on November 1 of a given year. These are American calls except where indicated. Use the information to answer questions 7 through 20.
The stock price was 113.25. The risk-free rates were 7.30 percent (November) , 7.50 percent (December) and 7.62 percent (January) . The times to expiration were 0.0384 (November) , 0.1342 (December) , and 0.211 (January) . Assume no dividends unless indicated.
-What is the intrinsic value of the November 115 call?
Definitions:
Immune System
The complex network of cells, tissues, and organs that work together to defend the body against attacks by foreign invaders, such as bacteria and viruses.
White Blood Cells
Cells of the immune system that are involved in protecting the body against both infectious disease and foreign invaders.
Lymphocytes
A type of white blood cell that plays a crucial role in the immune system, responsible for fighting off infections and diseases.
Autoimmune Cells
Cells of the immune system that mistakenly attack and destroy healthy body cells and tissues, leading to autoimmune diseases.
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