can you help me with question 1 and 2?

1. You purchase one IBM July 130 call contract for a premium of $3.50 (per share). You hold the option until the expiration date when IBM stock sells for $131.20 per share. You will realize a on the investment. (Hint: Recall that each call covers 100 shares.) a. $120 profit b. $350 loss c. $470 profit d. $230 los\$ 2. Suppose you purchase one XYZ August 50 European call contract quoted at $4.80 and write one XYZ August 55 European call contract quoted at \$1.30. If, at expiration, the price of a share of XYZ stock is $54, your profit would be (Hint: Each option's price is quoted on a per share basis. Recall that each option covers 100 shares and analyze the total profit of this position by analyzing the profit of each option separately and then sum.) a. $50 b. $130 c. $350 d. $400