Problem 3-21 Option Returns (L04, CFA4) You purchase 25 call option contracts with a strike price of $45, a premium of $2.77, and four months until expiration. a. If the stock price at expiration is $52, what is your dollar (and percent) profit? What if the stock price is $42? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your percent return answers as a percent rounded to 2 decimal places. Round your profit/loss answers to 2 decimal places.) Call option If stock price is $52 Percent return % If stock price is $42 Percent return % b. If you had bought a put contract, how do your answers change? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your percent return answers as a percent rounded to 2 decimal places. Round your profit/loss answers to 2 decimal places.) Put option If stock price is $52 Percent return % If stock price is $42 Percent return %