Question 16 (1 point) Apple Inc. call options with a strike price of $105 are trading at a premium of $12. Apple shares are trading for $120 per share. Assume one share per option contract and assume that the options are American. To take advantage of this option price you should: 1. Buy a share of Apple II. Buy a call option III. Sell a call option IV. Exercise the call option V. Sell a share of Apple 1) il then III 2) I then III then IV 3) i then II then IV 4) ll then IV then V