An investor buys a 10-month cap on a stock. The price of the call option is $14.39. The current price of the stock is $36. The annual effective risk-free rate is 17%. Determine the range of prices for the stock at expiration for which the investor makes a positive profit. (A) Less than (B) Greater than a): Select (A) 25.63 (B) 24.63 (C) 23.63 (D) 26.63 (E) 22.63 b) Select Save An investor buys a 10-month cap on a stock. The price of the call option is $14.39. The current price of the stock is $36. The annual effective risk-free rate is 17%. Determine the range of prices for the stock at expiration for which the investor makes a positive profit. (A) Less than (B) Greater than a): Select (A) 25.63 (B) 24.63 (C) 23.63 (D) 26.63 (E) 22.63 b) Select Save