What are your call options worth

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Suppose you purchase eight call contracts on Macron Technology stock. The strike price is $60, and the premium is $3.5. If, at expiration, the stock is selling for $67 per share, what are your call options worth? What is your net profit?

Reference no: EM131063492

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What are your call options worth : Suppose you purchase eight call contracts on Macron Technology stock. The strike price is $60, and the premium is $3.5. If, at expiration, the stock is selling for $67 per share, what are your call options worth? What is your net profit?
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