Question: Quantitative Problem: A call option on Barry Enterprises stock has a market price of $9. The stock sells for $26 a share, and the option

Quantitative Problem: A call option on Barry Enterprises stock has a

Quantitative Problem: A call option on Barry Enterprises stock has a market price of $9. The stock sells for $26 a share, and the option has an exercise price of $21.50. What is the exercise value of the option? Round your answer to the nearest cent.

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