1. Visas stock is at $100. You buy 1 call option that expires in 1 year that gives you the right to buy the stock at $100. The call costs you $10. In 1 year, the stock rises to $115. a) Calculate what price the stock needs to be at expiration for you to breakeven. b) What is your percentage return on the trade if you buy 1 contract? c) What is your dollar return on this trade if you buy 1 contract?