Question: please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS Suppose you believe that Johnsteep Company's stock price

please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS

Suppose you believe that Johnsteep Company's stock price is going to increase from its current level of $22.50 sometime during the next 5 months. For $400 you can buy a 5-month call option giving you the right to buy 100 shares at a price of $25 per share. If you buy this option for $400 and Johnsteeps stock price actually rises to $36, would you exercise your call option? And what would be your pre-tax net profit or loss from holding this option?

PLEASE HELP WITH EXCEL STEP-BY-STEP (IN FULL detail) much appreciated **IMPORTANT** I WANT TO LEARN

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