(Answered) A 6-month call option on 100 shares of srs corp stock is

Finance

A 6-month call option on 100 shares of SRS Corp. stock is selling for $300. The strike price for the option is $40. The stock is currently selling at $38 per share. Ignoring brokerage fees, what price must the stock achieve to just cover the expense of the option? If the stock price rises to $45, what will the net profit on the option contract be?

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