What is the intrinsic value of the August 25 call? $$\begin{array}{l}
\text { KNJ (KNJ) Underlying stock price: } 30.86\
\begin{array} { c c c r }
\text { Expiration } & \text { Strike } &\underline{\text { Call }} & \underline{\text { Put }} \
\text { Aug } & 25 & 6.15 & \text { Last } \
\text { Nov } & 25 & 6.60 & .05 \
\text { Aug } & 35 & .10 & 4.60 \
\text { Nov } & 35 & .70 & 5.10
\end{array}
\end{array}$$
A)$0.10
B)$5.86
C)$6.15
D)$10.00
E)$25.00

Question

What is the intrinsic value of the August 25 call? $$\begin{array}{l}
\text { KNJ (KNJ) Underlying stock price: } 30.86\
\begin{array} { c c c r } 
\text { Expiration } & \text { Strike } &\underline{\text { Call }} & \underline{\text {  Put }} \
\text { Aug } & 25 & 6.15 & \text { Last } \
\text { Nov } & 25 & 6.60 & .05 \
\text { Aug } & 35 & .10 & 4.60 \
\text { Nov } & 35 & .70 & 5.10
\end{array}
\end{array}$$
A)$0.10
B)$5.86
C)$6.15
D)$10.00
E)$25.00

Quizplus · Accepted Answer

The Answer of What is the intrinsic value of the August 25 call? $$\begin{array}{l}
\text { KNJ (KNJ) Underlying stock price: } 30.86\
\begin{array} { c c c r } 
\text { Expiration } & \text { Strike } &\underline{\text { Call }} & \underline{\text {  Put }} \
\text { Aug } & 25 & 6.15 & \text { Last } \
\text { Nov } & 25 & 6.60 & .05 \
\text { Aug } & 35 & .10 & 4.60 \
\text { Nov } & 35 & .70 & 5.10
\end{array}
\end{array}$$
A)$0.10
B)$5.86
C)$6.15
D)$10.00
E)$25.00

What Is the Intrinsic Value of the August 25 Call