Linda purchased 3 call options and 4 put options on BMI stock at the strike price of $20. You paid $400 in total to buy these options. The current stock price is $22. If you decide to exercise those options which are in the money, what will be your return (in dollars)? Hint: remember each option gives you the right to buy or sell 100 units of underlying asset.

a) $100

b) $200

c) $300

d) $400

e) need to know the options premium for call and put individually

f) $0

g) -$100

h) -$200