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The table below contains information for an XRAY, Inc, call option XRAY common stock is currently selling for $39 Expiration Nov Strike 16.00 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 $39 Expiration Nov Strike 16.00 Last 3.00 Volume 2,156 Open Interest 11,579 a. Is the option in the money? O Yes O No b. What is the profit on this position? (Round your answer to 2 decimal places.) Profit c. Suppose that on the expiration date the stock's price is $14.00. Will you exercise the call option? Yes

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