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Refer to Figure 2.10 and look at the IBM options. Suppose you buy a October 2013 expiration call option with exercise price $185. a-1. Suppose

Refer to Figure 2.10 and look at the IBM options. Suppose you buy a October 2013 expiration call option with exercise price $185.

a-1.

Suppose the stock price in October is $193. will you exercise your call?

Yes
No

a-2.

What is the profit (loss) on your position? (Input the amount as a positive value. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

(Click to select)LossProfit $ image text in transcribed

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