Barco Corp. common stock is currently selling for $36.50. A call option on Barco stock costs $.75 per share on a normal contract of 100 shares. This option has an exercise price of $39 and expires in one month. What is the minimum value of this option?
A) $2.50
B) $75
C) $0
D) $36.50
Correct Answer:
Verified
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