Indicate whether each of the following statements is TRUE or FALSE by providing a brief explanation and/or a calculation to justify your answer. A simple TRUE/FALSE is not sufficient and will be allocated zero marks. This question consists of ten parts with five marks for each part. Submit an MS Excel (one tab per part) or MS Word document for this problem. The word limit is 200 words per part of the problem.

One investor bought 100 call options on XYZ shares at a cost of $1.50 each option. The options mature in 3 months, with a strike price of $110. The current price for XYZ shares is $100 and after 3 months, the share price changes to $120. The investor will exercise the call options and make a total final profit of $1,000