Question: Financial Optionst Option Exercise Value Quantitative Problem: A call option on Berry Enterprises stock has a market price of $11. The stock sells for $28

Financial Optionst Option Exercise Value Quantitative Problem: A call option on Berry Enterprises stock has a market price of $11. The stock sells for $28 a share, and the option has an exercise price of $26.50. What is the exercise value of the option? Hound your answer to the nearest cent

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