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A. Kaylyak purchased 20 European call contracts on stock KAYAK. The con- tracts each have a strike price of 270 and expiration time of

A. Kaylyak purchased 20 European call contracts on stock KAYAK. The con- tracts each have a strike price of 270 and expiration time of 6 months. The initial stock price was 250, and the stock price was 300 at expiration. With a risk-free rate of 0.05, Kaylyak's profit was 200. What was the premium for one call contract? Round your response to two decimal places.

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