Clark Company Holds Several Options: The Intrinsic Value of Clark Company's Options Is
A)-$0

Multiple Choice

Clark Company holds several options: ?
$\begin{array}{lrr}& \text { Spot Price } & \text { Strike Price } \\\text { Call option on Ionics } & \$ 29.80 & \$ 27.90 \\\text { Call option on Kimberly } & 60.41 & 64.84 \\\text { Put option on Motorola } & 14.25 & 16.40 \\\text { Put option on Nortek } & 32.10 & 32.10\end{array}$
The intrinsic value of Clark Company's options is

A) -$0.38.
B) -$4.05.
C) -$4.43.
D) -$8.48.