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i need help with part 2 please Intro In March, an investor bought a Toyota call option with an expiration date in June and a

image text in transcribedi need help with part 2 please
Intro In March, an investor bought a Toyota call option with an expiration date in June and a strike price of $69 for $1.14 per option. Part 1 - Attempt 1/10 for 10 pts. What will be the net profit or loss to the investor if the stock price is $70 on the expiration date? -14 Correct Because the stock price is above the strike price the investor will exercise the option: Payoff = Sy - X = 70 - 69 = 1 Net Profit = Payoff - Premium = 1 - 1.14 = -0.14 Part 2 Attempt 5/10 for 10 pts. What will be the net profit or loss to the investor if the stock price is $62 on the expiration date? 2 decimals Submit

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