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27. You also purchased 10 contracts of RACE calls with a strike price of $60 for $3.50. On the expiration date, RACE stock is trading

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27. You also purchased 10 contracts of RACE calls with a strike price of $60 for $3.50. On the expiration date, RACE stock is trading at $64.50 allowing you to sell the option contracts for $4.50. Assume you choose to sell yng contracts. What are the sales proceeds of your contracts? a. You wouldn't be able to sell the contracts. b. $1,000.00 c. $3,500.00 d. $4,500.00

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