Assume that an investor holds 100 shares of stock and writes a call (covered call) on the stock for a premium of $4. In other words, this investor writes a covered call. The call has an exercise price of $50. What is the total value of this covered call position at the maturity of the option if the stock price is $35?

Group of answer choices

$4,900

$5,400

$5,900

$3,900

$4,400