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0.67 pts Suppose you purchase one Texas Instruments call option contract with an exercise price of $65 for a premium of $7 (per share) and

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0.67 pts Suppose you purchase one Texas Instruments call option contract with an exercise price of $65 for a premium of $7 (per share) and write one Texas Instruments call option contract with an exercise price of $70 for a premium of $5 (per share). If, at expiration, the price of a share of Texas Instruments stock is $73, your profit would be Note one option contract gives the right to buy or sell) 100 shares of the underlying stock. $300 $50 $150 $250 Question 32 0.67 pts Suppose you purchase one Texas Instruments call option contract with an exercise price of $65 for a premium of $7 (per share) and write one Texas Instruments call option contract with an exercise price of $70 for a premium of $5 (per share). What is the break-even (ie, zero profit) price of the stock at expiration? $85 $71 567 582

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