The current price of a stock is $94, and three-month European call options with a strike price of $95 currently sell for $4.70. An investor who feels that the price of the stock will increase is trying to decide between buying 100 shares and buying 2,000 call options (20 contracts). Both strategies involve an investment of $9,400. How high does the stock price have to rise for the option strategy to be more profitable? In other words, at what stock price, will the 2 strategies breakeven? Hints: Create a spreadsheet with stock prices in 3 months ranging from $80 to $120. In the next 2 columns, calculate the payoffs for stock investment and option investment.