Question: Consider a call option on BMI Corp. with a strike price of $97 and a premium of $2.25. What is the profit or loss on

Consider a call option on BMI Corp. with a strike price of $97 and a premium of $2.25. What is the profit or loss on the call just prior to expiration if the stock price is $108?

Place your answer in dollars and cents without a dollar sign. Denote answers that are less than zero with a minus sign in front of the number. For example, and answer of negative 4 dollars would be entered as -4.

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