What is chris return on the stock option

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Reference no: EM131931099

Chris purchased a call option on a stock for $335 The option gives him the right to purchase the stock at $27.35 per share until May 1st. On May 1st, the price of the stock is $22.65 per share. What is Chris' return on the stock option ? (Hint: Ignore transaction costs.)

Reference no: EM131931099

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