Question
Suppose you believe that Bennett Environmental's stock price is going to increase from its current level of $ 32.03 sometime during the next 7 months.
Suppose you believe that Bennett Environmental's stock price is going to increase from its current level of $ 32.03 sometime during the next 7 months. For $ 239.26 you could buy a 7-month call option giving you the right to buy 100 shares at a price of $27.50 per share. If you bought a 100-share contract for $ 239.26 and Bennett's stock price actually changed to $ 32.07 , your net profit (or loss) after exercising the option would be ______? Show your answer to the nearest .01. Do not use $ or , signs in your answer. Use a - sign if you lose money on the contract.
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