Question: Hello, I don't just need to know the answer but also how to work out the problem by hand. Thanks for any and all help!

Hello, I don't just need to know the answer but also how to work out the problem by hand. Thanks for any and all help!

Hello, I don't just need to know the answer but also how

25. Suppose you purchase one Texas Instruments August 75 call contract quoted at $8.50 and write one Texas Instruments August 80 call contract quoted at $6. If, at expiration, the price of a share of Texas Instruments stock is $79, your profit would be A) $150 B) $400 C) $600 D) $1,850

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