he table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $36.80. Expiration Strike Last Volume Open Interest Nov 34.00 3.00 2,156 11,579 a. Is the option in the money? b. What is the payoff on this position? payoff $ c. Suppose that on the expiration date the stocks price is $32.00. Will you exercise the call option?

. What is the payoff on this position?

payoff $