The table below contains information for an XRAY, Incorporated call option. XRAY common stock is

currently selling for $$36\mathrm{.}80.$

Required:

a$.$ Is the option in the money?

Yes

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 $$32\mathrm{.}00.$ Will you exercise the call option?

Yes

No