15. Josh owns 10 call options on Foster Glass stock. The exercise price is $47.50...

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15. Josh owns 10 call options on Foster Glass stock. The exercise price is $47.50 and the stock price at expiration is $49.00. What is the total payoff on the option contracts? 16. Jasmine purchased one call option with a strike price of $34 when the call premium was $1.50. What is the break-even stock price? 17. A 4-month call has a strike price of $20. The current underlying stock price is $21.40. What is the intrinsic value of this call

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