What is the value of the options on june

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Reference no: EM133102911

Question - On 1 May 20X4 XYZ invests in 110 call options for Fantasy Travel Limited shares. The options have an exercise price of $59 per share and will expire on 30 April 20X6. Price for each option is $9. Fantasy Travel Limited's shares price on 1 May 20X4 is $63.

The balance sheet date for XYZ Ltd is 30 June. XYZ Ltd accounts for its financial instruments using fair value through profit and loss.

Other data

Date

Share Price

Option Price

30 June 20X4

67

20

30 June 20X5

82

24

What is the value of the options on 30 June 20X5?

Reference no: EM133102911

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