Angelo Martino just purchased 400 shares of AT&E at $61.92, and he has decided to write covered calls against these stocks. Accordingly, he sells 4 AT&E calls at their current market price of $6.31. The calls have 3 months to expiration and carry a strike price of 566.50. The stock pays a quarterly dividend of $0.71 a share (the next dividend to be paid in about a month). a. Determine the total profit and holding period return Angelo will generate if the stock rises to $66.50 a share by the expiration date on the calls. b. What happens to Angelo's profit (and return) if the price of the stock rises to more than $66.50 a share? c. Does this covered call position offer any protection (or cushion) against a drop in the price of the stock? Explain a. If the stock rises to 566.50 a share by the expiration date on the calls, the total profit is S(Round to the nearest cent)