Suppose that in June 2018 you bought a call option that allows you to buy 100 shares of a certain stock for $20 before October 2018.If the market price of the stock at some point before October 2018 is $23,and you exercise your option,what will happen?
A) You will make a $30.00 profit.
B) You will make a $300.00 profit.
C) You will make a $3000.00 profit.
D) You will incur a loss of $30.00.
E) You will incur a loss of $300.00.
Correct Answer:
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