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You buy a call with a strike price of $65 on stock that you have shorted at $65 (this is a protective call). What are
You buy a call with a strike price of $65 on stock that you have shorted at $65 (this is a "protective call"). What are the expiration date profits to this position for stock prices of $55, $60, $65, $70, and $75 if the call premium is $4.20? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations. Round your call profit and net profit answers to 2 decimal places and round your other answers to the nearest whole number.) Stock price Short profit Call payoff Call profit Net profit $ 55.00 $ 5.60 $ $ 60.00 65.00 70.00 $ $ 75.00
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