A six-month call is the right to buy stock at $24. Currently, the stock is selling for $25, and the call is selling for $7. You buy 200 shares ($5,000) and sell one call in other words, you receive $1,400). a. Does this position illustrate covered or naked call writing? This position illustrates a covered call. b. If, at the expiration date of the call, the price of the stock is $30, what is your profit on the combined position? Round your answer to the nearest dollar. $ per 200 shares c. If, at the expiration date of the call, the price of the stock is $21, what is your profit on the combined position? Round your answer to the nearest dollar. $ per 200 shares