Question: The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $43.40. Expiration Strike Last Volume Open Interest

The table below contains information for an XRAY, Inc. call option. XRAY common stock is currently selling for $43.40.

Expiration Strike Last Volume Open Interest
Nov 22.00 3.00 2,156 11,579

a. Is the option in the money?

(Click to select)YesNo

b. What is the profit on this position?

Profit $

c. Suppose that on the expiration date the stocks price is $20.00. Will you exercise the call option?

(Click to select)YesNo

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