Save and Submit Gick Submit to complete this assessment. 2 Question so uestion 5 20 points Spencer expects Company XYZ's stock price to go up to 590 in the next month. He sees that he can buy an options contract for 100 shares of Company XYZ at 56.50 with a strike price of 575 per shere. The stock price begins to rise as expected and stabilizes at 5100. Prior to the expiry date on the options contract, Spencer executes the call option and buys the 100 shares of Company XYZ 575, the strike price on his options contract. He pays $7,500 for the stock and immediately sells the shares How much does Spencer pay for the cost of the option, and how much does he realize on this transaction? Cost of the option - $450 Realized gain - $2,050 Cost of the option $750 Realized gain - $1,750 Cost of the option $7,500 Realized gain - 50 Cost of the option - $450 Realized gain - 59,650 Click Submit to complete this assessmer. v MacBook Pro