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Johnson Companys current price is 25. Tom believes that Johnson Company's stock price is going to increase during the next 10 months. A 10-month call

Johnson Companys current price is 25. Tom believes that Johnson Company's stock price is going to increase during the next 10 months. A 10-month call option giving the right to buy 100 shares with a strike price of $58 is available. For each option (to buy each share), the option price or premium is $6.98. If Tom buys this option, and Johnson's stock price actually rises to $60, what would be his total pre-tax net profit?

a. -$598

b. $598

c. -$498

d. $498

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