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Call option contracts - Primo Corporation

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The following price quotations are for exchange-listed options on Primo Corporation common stock.

Company Strike Expiration Call Put
Primo 61.12 55 Feb 7.25 .48

Ignoring transaction costs, how much would a buyer have to pay for one call option contract?

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Call option contracts.
The following price quotations are for exchange-listed options on Primo Corporation common stock. ...

Solution Summary

This solution is comprised of a detailed explanation to answer how much would a buyer have to pay for one call option contract.

$2.19