2) Now let's say you believe EFG stock will increase in price of $50/share, so you decide to purchase a 50 June Call option for 100 shares for a 30 day, time limit. Assume that I call option contract equals to 100 shares and the call premium per share is $2/share. (6 points total) a) Are you the long call or short call option? are you the buyer or seller? b) How much will you spend for the entire call option contract? Assume the price of the share increased to $70 per share, c) Would you exercise the call option? d) How much would be your gain or loss? Assume the price of the share decreased to $30 per share, e) Would you exercise the call option? f) How much would be your gain or loss