Problem 28-01 A six-month call is the right to buy stock at $22. Currently, the stock is selling for $23, and the call is selling for $7. You buy 100 shares ($2,300) and sell one call (in other words, you receive $700). a. Does this position illustrate covered or naked call writing? This position illustrates a -Select- call. b. If, at the expiration date of the call, the price of the stock is $30, what is your profit on the combined position? Round your answer to the nearest dollar. $ per 100 shares c. If, at the expiration date of the call, the price of the stock is $19, what is your profit on the combined position? Round your answer to the nearest dollar. per 100 shares This position illustrates a: covered / naked