Part II. Problems 1. Suppose you bought 200 shares of Stock ABC six months ago when it was selling for $25 per share. Today it is selling for $36 per share. You have decided to do a covered call strategy with the entire position with exercise price of $38 and a premium of $3. The calls expire in three months. Suppose, to simplify, that these are European options. If the stock price is $37 at option expiration how much would you have made on the position (including the options) from purchase to that point? (20 pts)