The stock of Alpha Corp. currently sells for $54 per share. Apple Hedge Fund believes that Alphas stock could increase substantially in price over the next 3 months. A Call option with an exercise (strike) price of $55 which matures in 3 months has a current price of $3 per share. Assume that the option would not be exercised until maturity. The table below presents possible share prices at the maturity of the option. Under each possible final price for the stock, determine:

a) Would the Call option be exercised?

b) What would be the net gain or loss from the option (including the initial price of the option)?

c) What would be the percentage gain or loss from the option relative to the initial investment in the option?

Stock Price at Maturity	Would Option Be Exercised? (Yes/No)	Net Gain / Loss from Transaction (per share)	% Gain or Loss
52
54
56
58
60
62