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You purchase 8 call option contracts with a strike price of $70 and a premium of $2.95. Assume the stock price at expiration is $79.12.

You purchase 8 call option contracts with a strike price of $70 and a premium of $2.95. Assume the stock price at expiration is $79.12.

1.

What is your dollar profit? (Do not round intermediate calculations. Omit the "$" sign in your response.)

Dollar profit $

2.

What if the stock price is $65.07? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.)

If the stock price is $65.07, the call is (Click to select)in-the-moneyworthless, so the dollar return is $ .

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