Table 3: Information on the Call Option

Time Interval	Call Option Contract is March 2021 on XYZ Common stock	Call Option Exercise Price is $120	Call Option Premium	Stock Price
Beginning: Time 1		$120	$4.50	$118
Ending: Time 2		$120	$6.50	$124.50

3.A. If you buy this call option in Time 1, how much will you have to pay for it?

3.B. If you sell this call option in time 2, how much will you get from it.

3.C. If instead of selling this call option in Time 2, you exercise it, what will be the result?

3.D. If instead of selling this call option in Time 2, you exercise it, will you gain or lose? Show your answer by calculations.