You purchase 25 call option contracts with a strike price of $45, a premium of $2.77, and four months until expiration a. If the stock price at expiration is $52, what is your dollar (and percent) profit? What if the stock price is $42? b. If you had bought a put contract, how do your answers change?

	Question 14
	Input Area:
	Option price	$ 0.48
	Shares to purchase	2,000
	Strike price	55
	Output Area:
	Total cost	$ 960.00

16. Using Options Quotations (LO4, CFA4) In Problem 14, suppose Target stock sells for S53 per shate immediatel before your options' ff teturn if the stack sells for \$60l per share (think about it)