Canadian Pacific shares are currently selling at $75.The premium on a call option on Canadian Pacific shares with an exercise price of $60 will be:

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The premium on a call option is the price paid by the buyer to the seller for the right to buy the underlying asset at the exercise price. In this case, the exercise price is $60 and the current share price is $75, which means the option has an intrinsic value of $15. However, there is also a time value component to the option premium, which takes into account factors such as the time remaining until expiration and the volatility of the underlying asset. Since Canadian Pacific shares are likely to be volatile, the time value component of the option premium is likely to be significant. Therefore, the premium on the call option with an exercise price of $60 is likely to be greater than $15.

Canadian Pacific Shares Are Currently Selling at $75