You purchase 14 call option contracts with strike price of


You purchase 14 call option contracts with a strike price of $80 and a premium of $1.80. Assume the stock price at expiration is $92.00. 1. What is your dollar profit? (Do not round intermediate calculations. Omit the "$" sign in your response.) Dollar profit $ 2. What if the stock price is $77.95? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.) If the stock price is $77.95, the call is , so the dollar return is $ .

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Financial Management: You purchase 14 call option contracts with strike price of
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