Question: C . L . Hooper purchased a call on 9 0 0 Troy oz . of Palladium with a strike price of $ 1 ,

C.L. Hooper purchased a call on 900 Troy oz. of Palladium with a strike price of $1,839.03. On the expiration date, the Palladium is selling at $1,850.25 per Troy oz. Option contracts on Palladium are based on 100 Troy oz. What is the payoff on the call contract ignoring all transaction costs?
Question 47 options:
$11,220
-$11,220
$10,098
-$10,098
$0

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