Q20. (Option Strategy) (6 Points) Suppose you think a stock, currently selling for $100, will appreciate. A 6-month call option costs $10 per share (contract size is 100 shares). You have $10,000 to invest. Now consider the following three strategies: Strategy A: Invest entirely in stock. Buy 100 shares, each selling for $100. Strategy B: Invest entirely in at-the-money call options. Buy 1,000 calls, each selling for $10. (This would require 10 contracts, each for 100 shares.) Strategy C: Purchase 100 call options for $1,000. Invest your remaining $9,000 in 6-month T-bills, to earn 3% interest. The bills will be worth $9,270 at expiration. a. For these strategies, calculate the percentage return if stock price changes to $95, $100, $105, $110, $115, $120. b. Discuss the relative advantages and disadvantages of these three strategies