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Last month, a WNBA star purchased one European call option on the Blue Jet stock with a exercise price of $110. At expiration, the Blue
Last month, a WNBA star purchased one European call option on the Blue Jet stock with a exercise price of $110. At expiration, the Blue Jet stock is trading for $137.65 per share. Assuming that WNBA star is rational in her decision to exercise or not, what is the payoff from this call option? Indicate your answer in a dollar amount and round to two decimal places. Do not put ' $ ' in your response. If it is less than zero, make the answer negative. Your
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