Use the following information to answer the next 5 questions. On December 3, Alec bought 5 XYZ December 60 calls. He paid $20 per contract. At the time of his option purchase, XYZ was trading at 53.27. Alec closed his entire option position 5 minutes prior to its expiration. Alec's broker does not charge him commissions. 11. If XYZ's price at 3:55 p.m. EST on the 3rd Friday of December is 59.27, which of the following amounts most likely represents Alec's total profit from his XYZ call position 12. What was the maximum possible loss on Alec's long option position? 13. What was the maximum possible gain on Alec's long option position? 14. If the price of XYZ was 62.50 when Alec closed his position, what would his total profit have been? 15. According to the BSOPM, option values are dependent on: 16. Option prices are comprised of which of the following? 17. The intrinsic value for a call option is equal to: 18. The intrinsic value for a put option is equal to: 19. The time value for a put option is equal to: 20. The time value for a call option is equal to: 21. Princess Aurora thinks that BCD will rise from its current price of 32.50 to 34.00 by the day of expiration for the May options. Given her expectations, which of the following will provide her with the largest possible profit