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ou buy a call with a strike price of $70 on stock that you have shorted at $70 (this is a protective call). What are
ou buy a call with a strike price of $70 on stock that you have shorted at $70 (this is a protective call). What are the expiration date profits to this position for stock prices of $60, $65, $70, $75, and $80 if the call premium is $3.40? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Round your call profit and net profit answers to 2 decimal places and round your other answers to the nearest whole number.)
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