Problem #3: An investor buys a 5-month cap on a stock. The price of the call option is $17.09. The current price of the stock is [3 marks] $37. The annual effective risk-free rate is 11%. Determine the range of prices for the stock at expiration for which the investor makes a positive profit. (A) Greater than (B) Less than Problem #3(a): Select v (A) 19.79 (B) 20.79 (C) 18.79 (D) 21.79 (E) 22.79 Problem #3(b): Select v Save Your work has been saved!_(Back to Admin Page)