A 6-month call option on Romer Technologies' stock has a strike price of $41.00 and sells in the market for $8.25. Romer's current stock price is $47.00. What is the exercise value of the option? Do not round your intermediate calculations. ?
A. $6.00
B. $6.06
C. $5.46
D. $7.32
E. $6.66
Answer: A
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