If a General Electric January 20 Call Option with a Strike

Multiple Choice

If a General Electric January 20 call option with a strike price of $45 were about to expire and the market price of the underlying GE stock was $51.17, the price of the call option would have to be __________ to eliminate arbitrage opportunities.

A) $11.17
B) $33.83
C) $45.00
D) $51.17