Last week,you purchased a call option on Denver,Inc.stock at an option price of $1.05.The stock price last week was $28.10.The strike price is $27.50.What is the intrinsic value per share if Denver,Inc.stock is currently priced at $30.03?
A) -$2.53
B) $0
C) $1.48
D) $1.93
E) $2.53
Correct Answer:
Verified
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