Question: Question 3 ( 5 points ) Suppose you believe that Apple's stock price is going to increase from its current level of $ 7 2

Question 3(5 points)
Suppose you believe that Apple's stock price is going to increase from its current level of $ 72.41 sometime during the next 5 months. For $ 621.09 you could buy a 5-month call option giving you the right to buy 100 shares at a price of $ 75 per share. If you bought a 100-share contract for $ 621.09 and Apple's stock price actually changed to $ 85.24 at the end of 5 months, and after behaving economically rationally on your decision to exercise the option, your net profit (or loss) would be ______? Show your answer to the nearest .01. Do not use $ or + sign in your answer. However, use a - sign if you lose money on the contract.

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