You are bullish on the prospects of ABC share price rising. There are two speculative strategies that you are considering.

Under the first strategy, you would purchase $100$ABC shares at the spot price of $$3.$

Under the second strategy, you would enter long European call options covering $1,000$ ABC shares. The option has a strike price of $$11\mathrm{.}9$ and can be purchased for a premium of $$0\mathrm{.}3$ per share.

How high must ABC share price rise for the second strategy to become at least as profitable as the first? That is$,$ at what share price do the two strategies provide the same profit?

Enter your answer to $2$ decimal places.

Answer: