Question: You purchase 2 7 call option contracts with a strike price of $ 1 4 5 and a premium of $ 3 . 6 5

You purchase 27 call option contracts with a strike price of $145 and a premium of $3.65. Assume the stock price at expira $157.40.
a. What is your dollar profit?
Note: Do not round intermediate calculations.
Dollar profit
b. What is your dollar profit if the stock price is $143.35?
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations.
If the stock price is $143.35, the call is
so the dollar profit is
 You purchase 27 call option contracts with a strike price of

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