Question: Return to question 7 Problem 3-7 Option Profits (L04, CFA4) You purchase 15 call option contracts with a strike price of $85 and a premium

 Return to question 7 Problem 3-7 Option Profits (L04, CFA4) You

Return to question 7 Problem 3-7 Option Profits (L04, CFA4) You purchase 15 call option contracts with a strike price of $85 and a premium of $1.90. Assume the stock price at expiration is $91.45. 2 points a. What is your dollar profit? (Do not round intermediate calculations.) Answer is complete but not entirely correct. Dollar profit $ 10 b. What is your dollar profit if the stock price is $77.40? (A negative value should be indicated by a minus sign. Do not round intermediate calculations.) Answer is complete but not entirely correct. If the stock price is $77.4, the call is worthless , so the dollar profit is $ 143

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