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Le buys one shure of Koca Loka long for $10,40 and at the same time she buys a call on Koca-Loka that has an exercase
Le buys one shure of Koca Loka long for $10,40 and at the same time she buys a call on Koca-Loka that has an exercase price of $11.40 and a premiam of $1.75. What is the combined profit or lass on the covered cal if at the lime of expiration Koca-Loka is frading at $3.70 per share? Assume that she gets out of her long position at the same fime her coption expires. Plsce your answer wen dolars and cents without a dollar sign. Enter negative answers won a "minus" sign. For example, if your answer is neganve two dolars and seventy five cents, then enter 275
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