how to answer part 3

Problem 2 Intro You have bought 1 share of stock for $53.61 and 4 call options on the same stock. Each option has an exercise price of $60, cost $4 each, and expires in three months. Part 1 Attempt 1/10 for 10 pts. What is your profit from buying the stock (only) if the stock price is $20 in three months (in $)? Ignore the options for now. -33.6 Correct B 53.61 4 A 1 Stock price 2 Call price 3 Strike price 4 # of shares 5 # of options 60 1 4 co 7 Stock price Profit from shares -53.61 =(A8-B$1)*B$4 -43.61 -33.61 =(A10-B$1)"B$4 co 0 9 9 10 10 20 IB Attempt 2/10 for 10 pts. Part 2 What is your profit from buying the options (only) if the stock price is $50 in three months (in $)? Ignore the stock for now. -16 Correct B D 53.61 4 1 Stock price 2 Call price 3 Strike price 4 # of shares 5 # of options 6 60 1 5 KO 7 Stock price Profit from shares Profit from calls -16 =(max(A8-B$3,0)-B$2)*B$5 -16 8 0 -53.61 9 10 -43.61 10 -33.61 -16 11 20 30 40 -23.61 -16 12 -13.61 -16 13 50 -3.61 -16 =(max(A13-B$3,0)-B$2)*B$5 Attempt 5/10 for 10 pts. Part 3 What is your total profit if the stock price is $100 in three months (in $)? + decimals Previous answers: 118.39; 108; 30.39; 108.24 Submit