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You purchase 10 call option contracts on TGX stock. The strike price is $42, and the premium is $1.5 per share. The contract size is

You purchase 10 call option contracts on TGX stock. The strike price is $42, and the premium is $1.5 per share. The contract size is 100 shares.

a. If the stock is selling for $44 per share at expiration, what are your call options worth? (3 marks)

b. What is your net profit? (3 marks)

c. What if the stock were selling for $43? $40? (4 marks)

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