24.An investor is short a covered call. The current stock price is $50, strike price for the option is $53.00, and the option premium is $3.40. The investor will start making a profit on this short covered call as long as the stock price at maturity is

Select one:

less than $50

less than $53.00

less than $46.60

the investor will always make a profit from this strategy

less than $49.60