In the case of American Travel in Table 146 on page 373: a. What is the intrinsic

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In the case of American Travel in Table 14–6 on page 373:
a. What is the intrinsic value of the November 32.50 call option on November 2?
b. How much is the speculative premium on that date?
c. By what percentage does the stock need to go up by expiration to break even on the call option?
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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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