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29 29. (a). You purchased eight WAN call option contracts with a strike price of $27.50 when the option was quoted at $0.60. The option

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29. (a). You purchased eight WAN call option contracts with a strike price of $27.50 when the option was quoted at $0.60. The option expires today when the value of WAN stock is $28.20. Ignoring trading costs and taxes, what is your net profit or loss on your investment? (b) You wrote (i.e., sold) one call option contract with a strike price of $42.50 when the option was quoted at $1.10. The option expires today when the value of the underlying stock is $38.10 Ignoring trading costs and taxes, what is your net profit or loss on your investment

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