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Supposea stock is trading at$80.11.A market participantbuys 3call option contracts(where1contract is for100shares)on the stock with a strike price of$87.14when the option price is$9.98per share.The options
Supposea stock is trading at$80.11.A market participantbuys 3call option contracts(where1contract is for100shares)on the stock with a strike price of$87.14when the option price is$9.98per share.The options are exercised when the stock price is __________, and themarket participantbreaks even (no profit,no loss).What is the stock price at the time the options areexercised?
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