12. You purchase a call option and the premium to buy the option is $2 on a stock trading for $50 per share. The strike price of the call option is $55. How much is your call option worth if the stock jumps to $70 per share before the option expires? Remember each option controls 100 shares of stock. (3 Points) **Refer to PowerPoint for chapter 12 if Stuck** 13. You purchase a put option and the premium to buy this option is $6 on a stock trading for $100. The strike price of the option is $95 a share. The stock falls to $80 per share before your option expires. How much is your put options worth? Remember each option controls 100 shares of stock. (3 Points) **Refer to PowerPoint for chapter 12 if Stuck**