Question: 1. Robert has only one day left to decide whether to exercise a call option on the Company X stock, which he purchased six months

1. Robert has only one day left to decide whether to exercise a call option on the

Company X stock, which he purchased six months ago for 300 dol. (3 dol. per share). The call option exercise price is 54 dol.

a) For what range of stock price should Robert exercise the call on the last day of the call life?

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