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Return on Stock Options. Maryanne paid $ 3 5 4 for a call option on a stock. The option gives her the right to buy

Return on Stock Options. Maryanne paid $354 for a call option on a stock. The option gives her the right to buy the stock for $40.01 per share until March 1 st. On February 15 th, the stock price rises to $46.51 per share, and Maryanne exercises her option. What is Maryanne's return from this transaction? (Hint. Ignore transaction costs.)
Maryanne's return from this transaction is %.(Round to the nearest percent.)
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