Question 1 (1 point) Information for Questions 1 to 6: Assume that the market price of a common share of CIBC (ticker symbol CM) closed at $110.52 on Tuesday, August 4, 2020. You decided to buy one contract of a December 18, 2020 naked call option on CIBC with an exercise price of $115 and a premium of $3.40. You may ignore commissions in your calculations. Which of the following statement(s) is/are correct (true) for the profit to the writer of this naked call option contract if just before the close of trading on the day of expiry the price of a common share of CIBC (CM) is $116.40? a) None of the below Ob) $340.00 c) $248.00 d) ($340.00) e) $588.00