Please explain the Steps

Purchasing Call Options. A call option on Michigan stock specifies an exercise price of S55. Today the stock's price is $54 per share. The premium on the call option is S3. Assume the option will not be excrcised until maturity, if at all. Complete the following table for a speculator who purchases the 2. call option: Assumed Stock Price at the Time Net Profit or Loss per Share n Is About to Exp S52 S54 S56 S58 S60 S62 ANSWER: Assumed Stock Price at the Time Net Profit or Loss per Share to Be Earned by the Speculator the Call Option 15 About to Expire -S3 -S3 -S3 S52 S54 S56 S58 S2 S4 S62