Question: How did he get this solution? See picture attached: 20. Speculate with call options on IBM. Buy a call for $5 / share premium with

How did he get this solution? See picture attached: 20. Speculate

How did he get this solution? See picture attached:

20. Speculate with call options on IBM. Buy a call for $5 / share premium with a strike = $100. If the price goes to $115 and you exercise, what is the net prot on each share? a) None b) $15 c) $150 d) $1,500 e) $10 f) $100 g) $1,000 h) Cannot calculate i) None of the above

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