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You have purchased a call option on Bed Bath & Beyond common stock. The option has an exercise price of $89 and Bed Bath &

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You have purchased a call option on Bed Bath \& Beyond common stock. The option has an exercise price of $89 and Bed Bath \& Beyond's stock currently trades at $90.43. The option premium is quoted at $2.17. Calculate your net profit on the option contract if Bed Bath \& Beyond's stock price falls to $89.50 and you exercise the option. (Assume 100 shares per contract. Negative values should be notated with a - sign.) Numeric Response

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