answer options:

a) 3.25/share

b) 2.75/share

c) 1.00/share

d) 1.50/share

You just bought a call option on a stock for $0.50/share. The price of the stock is $40.50/share. The implied volatility is 0.250. The strike price of the option is $37.25. If you exercise this option, what is your profit