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Question 17 5 pts Jack inherited 10,000 shares of ABC Corp. from his father. He writes 10,000 call options of ABC Corp. with a strike

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Question 17 5 pts Jack inherited 10,000 shares of ABC Corp. from his father. He writes 10,000 call options of ABC Corp. with a strike price of $45. Cost of each call option is $3. Combine the stocks and call options to create a portfolio. What is the maximum profit of this portfolio? $4,50,000 None of the above $30,000 $4,20,000 $4,80,000 Question 18 5 pts Jack inherited 10,000 shares of ABC Corp. from his father. He writes 10,000 call options of ABC Corp. with a strike price of $45. Cost of each call option is $3. Combine the stocks and call options to create a portfolio. What is the minimum profit of this portfolio? $4,50,000 $30,000 None of the above $4,80,000 $4,20,000

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