investments

Mika is convinced that the price of Ballard stock will rise. The current stock price is $14.50, and a three-month call with a strike of $15 costs $1.45. She has $2,900 to invest. Assuming Mika uses her entire investment to purchase call options and the price rises to $20.00, what will Mika's profits be? 0 $8,100 O $11,000 O $7,100 O $10,000