Question: 6. Derivatives and Risk Management: Quantitative Problem A call option on Barry Enterprises stock has a market price of $10. The stock sells for $30

6. Derivatives and Risk Management: Quantitative Problem A call option on

6. Derivatives and Risk Management: Quantitative Problem A call option on Barry Enterprises stock has a market price of $10. The stock sells for $30 a share, and the option has an exercise price of $25.50. What is the premium on the option? Round your answer to the nearest cent. $

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