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The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $36.80. Expiration Nov Strike 13.00 Last 3.00

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The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $36.80. Expiration Nov Strike 13.00 Last 3.00 Volume 2,156 Open Interest 11,579 a. Is the option in the money? Yes b. What is the profit on this position? Profit $ -0.20 c. Suppose that on the expiration date the stock's price is $11.00. Will you exercise the call option? No

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