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1.A call option on Illinois stock specifies an exercise price of $38. Today's price of the stock is $40. The premium on the call option

1.A call option on Illinois stock specifies an exercise price of $38. Today's price of the stock is $40. The premium on the call option is $5. Assume the option will not be exercised until maturity, if at all. Complete the following table: Assumed Stock Price at the TimeNet Profit or Loss per Share to Be Earned the Call Option Is About to Expire by the Writer (Seller) of the Call Option $37 $39 $41 $43 $45 $48

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