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a. The April 9, 2015, price quotation for a call option on LTD stock with a strike price of $64 and due to expire in

a.

The April 9, 2015, price quotation for a call option on LTD stock with a strike price of $64 and due to expire in December is $24.30, while the LTD stock price is $73.30. The premium on one LTD December 64 call contract is _________.

b. You have written one July 140 call contract on XRI stock for a premium of $19. You hold the option until the expiration date, when XIR stock sells for $152 per share. You will realize a ______ on the investment.

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