Question: DO NOT COPY AND PASTE AN ANSWER FROM ANOTHER CHEGG POSTING FOR THIS PROBLEM. THANK YOU! The current price of one share of RJC stock

DO NOT COPY AND PASTE AN ANSWER FROM ANOTHER CHEGG POSTING FOR THIS PROBLEM. THANK YOU!

The current price of one share of RJC stock is 97.70. A call option on RJC stock with a strike price of 100.00 and nine months to expiration has a current price of 5.00.

The continuously compounded risk-free interest rate is 4%.

Joe purchases one call option today. What ending stock price at the end of nine months would result in a profit of -3.00?

I) 102.00

II) 102.15

III) 102.70

IV) 105.15

V) 108.15

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