You pay $3.25 for a call option on Luther Industries that expires in three months with a strike price of $40.00.Three months later,at expiration,Luther Industries is trading at $41.00 per share.Your profit per share on this transaction is closest to:
A)-$1.00.
B)$1.00.
C)-$2.25.
D)$2.25.

Question

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The Answer of You pay $3.25 for a call option on Luther Industries that expires in three months with a strike price of $40.00.Three months later,at expiration,Luther Industries is trading at $41.00 per share.Your profit per share on this transaction is closest to:
A)-$1.00.
B)$1.00.
C)-$2.25.
D)$2.25.

You Pay $3