A call option on D stock specifies an exercise price of $77. Today the stocks price is $72 per share. The premium on the call option is $4. Assume the option will not be exercised until maturity, if at all. Complete the following table for a speculator who purchases the call option:

Assumed Stock Price at the Time

the Call Option Is About to Expire:

$75

$76

$77

$78

$80

$82

$84

What is the Net Profit or Loss Per Share to be earned by the speculator for each call option above?