Respuesta :
XYZ stock is trading at $50. joe owns a call option on XYZ stock with an exercise price of $47 The worth of Joe's option on its own terms is 29462799.
What is the stock price?
A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
Options premiums, also referred to as prices are made up of the total of an option's intrinsic and time values. The price difference between the current stock price and the strike price is known as intrinsic value. The premium paid over an option's inherent value is known as the time value or extrinsic value of the option.
Therefore, A stock with an exercise price of $47 The worth of Joe's option on its own terms is 29462799.
Learn more about stock prices here:
https://brainly.com/question/15021152
#SPJ1
