Question: The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $34.60 Expiration Nov Strike 31.00 Last 3.00

The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $34.60 Expiration Nov Strike 31.00 Last 3.00 Volume 2,156 Open Interest 11,579 a. Is the option in the money? (Click to select) b. What is the payoff (i.e., Intrinsic Value or Exercise Value) on this position per share? Profit c. Suppose that on the expiration date the stock's price is $29.00. Will you exercise the call option? (Click to select)

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