Question: QUESTION 3 4.38 points Save Answer Suppose you bought one call option for one ounce of gold. The premium is $12 and the strike price

QUESTION 3 4.38 points Save Answer Suppose you bought one call

QUESTION 3 4.38 points Save Answer Suppose you bought one call option for one ounce of gold. The premium is $12 and the strike price is $1,642.25 per ounce. You held the option until expiration. Suppose the market price of gold is $1,617.75 per ounce at expiration. What is your total gain or loss on this option? ENTER A GAIN AS A POSITIVE NUMBER AND A LOSS AS A NEGATIVE NUMBER. ENTER YOUR ANSWER WITHOUT A DOLLAR SIGN

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