An investor holds long call options that may be exercised at any time over the next month.The spot price of the underlying asset is $12.75; the strike price of the option is $15.10; and the premium paid was $2.35.What is the value of the option to the holder?
A) -$2.35
B) zero
C) $10.40
D) $15.10
Correct Answer:
Verified
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