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You purchase 36 call options on Greshak Corp. to increase returns on your equity portfolio. The three-month calls specify the strike price is $48.00 and

You purchase 36 call options on Greshak Corp. to increase returns on your equity portfolio. The three-month calls specify the strike price is $48.00 and require a premium of $3.25. If Greshak's stock is trading at $52.00 at the time the options expire, what are your options worth? What was your net profit (you purchase 36 call options on Greshak Corp. to increase returns on your equity portfolio? The three-month calls specify the strike price is $48.00 and require a premium of $3.25. If Greshak's stock is trading at $52.00 at the time the options expire, what are your options worth? What was your net profit (in dollars and as an annualized percentage)? What would your profit in dollars and as an annualized percentage had been if the stock instead sold for $51.00/share at expiration? How about $50.00/share? YOU MUST SHOW ALL CALCULATIONS (COMPLETE WITH LABELED VARIABLES) TO RECEIVE CREDIT). dollars and as an annualized percentage)? What would your profit in dollars and as an annualized percentage had been if the stock instead sold for $51.00/share at expiration? How about $50.00/share? YOU MUST SHOW ALL CALCULATIONS (COMPLETE WITH LABELED VARIABLES) TO RECEIVE CREDIT).

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