Question: . Robert has only one day left to decide whether to exercise a call option on the Company X stock, which he purchased six months

. Robert has only one day left to decide whether to exercise a call option on the Company X stock, which he purchased six months ago for 300 dol. (3 dol. per share).

a) For what range of stock price should Robert exercise the call on the last day of the call life?

b) For what range of stock price would Robert realize a loss (including the premium paid for the call option)?

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