Refer to Table $2\mathrm{.}6$ and look at the Microsoft options. Suppose you buy a January expiration call option with exercise price $$100.$

a$-1.$ Suppose the stock price in January is $$103\mathrm{.}70.$ Will you exercise your call?

Yes

No

a$-2.$ What is the profit $($loss$)$ on your position? $($Enter your answer as a positive value rounded to $2$ decimal places.$)$

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$9$ of $10$

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