Problem 3. Assume that you have purchased 1 call option contract on Arizona Tea Co. stock with an exercise price of $45. At that time, the stock was trading for $47.75 per share and the option premium was $6.20. On the expiration date, the stock is selling for $59.00 per share. Show your work and label your answers. a) How much will it cost you to purchase this call option? b) What is the intrinsic value (per share) of the option at the time of purchase? c) What is the payoff to each option (per share) at expiration? d) If you sell on expiration day, what is your profit or loss on the trade, in dollars? e) What is the profit or loss on your option investment, in percent