On 1 May 20X4 XYZ invests in 106 call options for Fantasy Travel Limited shares. The options have an exercise price of $56 per share, and will expire on 30 April 20X6. Price for each option is $5. Fantasy Travel Limited's shares price on 1 May 20X4 is $64. 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 73 19 30 June 20X5 81 27 What is the value of the options on 30 June 20X5?

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