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Last Week,you Purchased One Call Option Contract on DI Stock

Question 73

Multiple Choice

Last week,you purchased one call option contract on DI stock with a strike price of $32.50 and an option price of $1.05.What is the intrinsic value per share of stock if DI is currently priced at $34.10?


A) $2.15
B) $1.60
C) $.55
D) $.93
E) $0

Correct Answer:

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