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A 5-month call option contract on 100 shares of Home Depot common stock with a strike price of $49.85 can be purchased for $520. Assuming
A 5-month call option contract on 100 shares of Home Depot common stock with a strike price of $49.85 can be purchased for $520. Assuming that the market price of Home Depot stock rises to $65.18 per share by the expiration date of the option, what is the call holder's profit? What is the holding period return?
The profit this option would generate over the 5-month holding period is __. (Round to the nearestcent.)
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