Barco Corp

question 46

Multiple Choice

Barco Corp. common stock is currently selling for $36.50. A call option on Barco stock costs $.75 per share on a normal contract of 100 shares. This option has an exercise price of $39 and expires in one month. What is the minimum value of this option?

• A) $2.50
• B) $75
• C) $0
• D) $36.50

---

Definitions:

Rookie of the Year

An award given annually to the most outstanding first-year player in professional sports leagues.

African American Residents

Refers to the demographic of people of African descent living in the United States, holding a diverse heritage and contributing significantly to the nation's culture and history.

Truman Doctrine

A U.S. foreign policy established in 1947 by President Harry S. Truman, asserting American support for free peoples resisting attempted subjugation by armed minorities or outside pressures.