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Question 6 (1 point) You purchase a long call option giving you the right to buy 100 shares of Mises Corporation for a total premium

Question 6 (1 point) You purchase a long call option giving you the right to buy 100 shares of Mises Corporation for a total premium of $1,500. The strike price on the option is $10 and the final stock price is $85. What is your profit or loss?

Your Answer: Question 6 options: Answer Question 7 (1 point) You purchase a long put option giving you the right to sell 100 shares of Bohm Corporation for a premium of $4,700. The strike price of the option is $80 and the final stock price is $0. What is your profit or loss?

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