Last week,you purchased a call option on Collins,Inc.stock at an option price of $1.05.The stock price last week was $29.00.The strike price is $28.20.What is the intrinsic value per share if Collins,Inc.stock is currently priced at $29.65?
A) -$0.50
B) $0.50
C) $0.80
D) $1.30
E) $1.45
Correct Answer:
Verified
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