You buy a call option on ROCK stock with an exercise price of $104. Today, the stock’s price is $95. The premium on the
Posted: Tue Nov 23, 2021 8:55 am
You buy a call option on ROCK stock with an exercise price of $104. Today, the stock’s price is $95. The premium on the call option is $3. Just before expiration, the stock’s price is $100. Will you exercise the option? What is your net profit or loss? What is the break-even price? (show your work