Answer the following question given the information below: So = $0.00684/¥ (contract size is ¥1,000,000) Date Type Jun24 Call Jun24 Put Strike $0.00650/\ $0.00650/¥ Bid Ask $0.000310/¥ $0.000350/¥ $0.000045/¥ $0.000050/¥ What is the intrinsic value of the Jun 2024 call option (use the ask rate)? O $0.000350/\ 00 O $0.00034/¥\ O-$0.000350/\ O None of these answers are correct O-$0.00034/\

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter8: Securities Law Considerations When Obtaining Venture Financing
Section: Chapter Questions
Problem 1cM
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Nikul 

Answer the following question given the information below:
So = $0.00684/¥ (contract size is ¥1,000,000)
Date
Type
Jun24
Call
Jun24
Put
Strike
$0.00650/\
$0.00650/¥
Bid
Ask
$0.000310/¥
$0.000350/¥
$0.000045/¥
$0.000050/¥
What is the intrinsic value of the Jun 2024 call option (use the ask rate)?
O $0.000350/\
00
O $0.00034/¥\
O-$0.000350/\
O None of these answers are correct
O-$0.00034/\
Transcribed Image Text:Answer the following question given the information below: So = $0.00684/¥ (contract size is ¥1,000,000) Date Type Jun24 Call Jun24 Put Strike $0.00650/\ $0.00650/¥ Bid Ask $0.000310/¥ $0.000350/¥ $0.000045/¥ $0.000050/¥ What is the intrinsic value of the Jun 2024 call option (use the ask rate)? O $0.000350/\ 00 O $0.00034/¥\ O-$0.000350/\ O None of these answers are correct O-$0.00034/\
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