A 6-month call option on Meyers Inc.'s stock has a strike price of $45.00 and sells in the market for $8.25.  Meyers' current stock price is $51.25.  What is the option premium?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter20: Financing With Derivatives
Section: Chapter Questions
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A 6-month call option on Meyers Inc.'s stock has a strike price of $45.00 and sells in the market for $8.25.  Meyers' current stock price is $51.25.  What is the option premium?

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