Question: 3. Su Lee wrote three call option contracts with a strike price of $22.50 and an option price of $.55 per share. What is the

3. Su Lee wrote three call option contracts with a strike price of $22.50 and an option price of $.55 per share. What is the net profit on this investment if the price of the underlying stock is $22.95 per share on the option expiration date? Ignore trading costs and taxes.

Multiple Choice

A. $10

B. $.30

C. $.10

D. $30

E. $0

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