The diagram below represents the payoff of a European call option on the stock with a strike price (K)= $100, initial cost (option premium) =$10, and option life of 6 months. The market price of the underlying stock reaches ($115) at the maturity date of the option, explains in detail whether the holder of this option will exercise his option and achieve profit knowing that the profit is the final payoff minus the initial cost?

30

20

10

0

-10

70

80

90

100

110

120

130

Profit ($)

ST = stock price $