Question: Problem 22-2 Understanding Option Quotes Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $74.

 Problem 22-2 Understanding Option Quotes Use the option quote information shown

Problem 22-2 Understanding Option Quotes Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $74. Calls Puts Vol. Last Vol. Last Option and Strike NY Close Expiration Price RWJ Mar 69 Apr 69 Jul 69 Oct 69 244 184 153 74 4.60 10.45 11.30 12.20 174 141 57 25 4.70 9.45 12.95 11.85 a-1.Are the call options in the money? O In O Out a- What is the intrinsic value of an RWJ Corp. call option? (Do not round intermediate 2. calculations and round your answer to the nearest whole number, e.g., 32.) Intrinsic value

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