Question: Please include formulas Suppose you bought a CALL option on a share of Tesla stock (Strike Price $200, Expiration Date 11/1/2020) today for a price

Please include formulas

Suppose you bought a CALL option on a share of Tesla stock (Strike Price $200, Expiration Date 11/1/2020) today for a price of $4.99. On the expiration date, the price of a share of Tesla is $300. Answer the following questions using the information above.

Is it in your best interest to exercise the CALL option? Why?

What is your Payoff?

Your profit is (nearest dollar)?

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