Wells Fargo (WFC) stock is trading for $51.09/share. The January call options have 30 days to maturity and the $50 strike calls are trading for $2.79. Based on this information provide the following: Intrinsic Value = Extrinsic Value = Intrinsic Breakeven= |

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Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.