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call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in the
call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in the afternoon. The premium paid on the call is $5.05. What is the net profit or loss from buying
the call just prior to 4 pm on November 18 if at this time the stock price per share of MassComputer is:
a.$108.75
Answer: The net profit is $
b.$97.62
Answer: The net profit is $
Place your answers in dollars and cents. Negative answers should use the minus sign. For example, the answer of minus two dollars and twenty cents would be placed as -2.20.
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