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Last week, you purchased a call option on Denver, Inc. stock at an option price of $1. The stock price last week was $28. The strike price is $27.

Last week, you purchased a call option on Denver, Inc. stock at an option price of $1.05. The stock price last week was $28.10. The strike price is $27.50. What is the intrinsic value per share if Denver, Inc. stock is currently priced at $29.03?
A. -$1.05
B. $0
C. $.48
D. $.93
E. $1.53

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