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1 of 3 ID: FRM.O.D.MA [2 marks] You own 100 shares originally purchased for $33.49 each. To gain additional income you sold calls on the

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1 of 3 ID: FRM.O.D.MA [2 marks] You own 100 shares originally purchased for $33.49 each. To gain additional income you sold calls on the shares for $3.60 per share with a strike price of $34.00 (given that the market price of each share at maturity is $33.86) a) Calculate the net profit realised from the share and option holding at maturity. Give your answer in dollars to the nearest dollar. Net profit realised - b) Calculate the net profit realised had the call options not been bought. Give your answer in dollars to the nearest dollar. Net profit realised without call options - $

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