Use the information below to answer the next 3 questions. Please put a negative sign if it is a loss. You pay $6 per share for an option that gives you the right to buy one share of Kroger stock for $30 by Dec. 31, 202X (one year from now). The current market price of a share of GM stock is $35. (1/3) What is the percentage profit/loss on the option at the expiration date if the market price of a share of Kroger stock is 40? Answer: % Question 31 1 pts (2/3) Suppose instead of purchasing the option, the investor purchased the underlying stock for $35 and sold it for $40 one year from now. What is the percentage profit/loss from this price increase? Answer: Question 32 1 pts (3/3) What is the percentage profit/loss on the option at expiration date if the market price of a share of Kroger stock is 257 Answer 96