XYZ Inc has purchased 111 call options on the shares of ABC Corp with each option giving XYZ Inc the right to buy one ABC Corp common share at a strike price of $75.00 per share. XYZ paid $1.84 for each option. Two months later, on the next financial reporting date, the market value of each option is $7.04 per option, while each ABC Corp share is trading at $81.65 per share. XYZ exercises all the options immediately after this financial reporting date and then also immediately sells all shares acquired as a part of the option exercise. What will be the absolute value of the change in XYZ's cash balance following these transactions immediately after the financial reporting date? Ignore any commissions. $720 $738 $757 $775 $794 XYZ Inc has purchased 202 call options on the shares of ABC Corp with each option giving XYZ Inc the right to buy one ABC Corp common share at a strike price of $78.50 per share. XYZ paid $2.33 for each option. Two months later, on the next financial reporting date, the market value of each option is $7.67 per option, while each ABC Corp share is trading at $85.43 per share. What is the absolute value of the total derivatives gain or loss to be recorded by XYZ on this financial reporting date? Ignore any commissions. $971 $998 $1,025 $1,052 $1,079