Consider a call option on BMI Corp. with a strike price of $$101$ and a premium of $$2\mathrm{.}25.$ What is the profit or loss on the call just prior to expiration if the stock price is $$113?$Consider a call option on BMI Corp. with a strike price of $$101$ and a premium of $$2\mathrm{.}25.$ What is the profit or loss on the call just prior to expiration if the stock price is $$113?$

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