(Answered) Question jacques wants to profit from the continuous

Accounting

Question: Jacques wants to profit from the continuous increase in price of European stocks. Since they have been very volatile in the last year, he decides to buy a call option on an ETF (ISHARES EURO STOXX 50). If he buys a call option for €3 (Euro), with a strike price of €25.00, and each option has right over 100 underlying shares, what would be his profit and loss if during the year the ETF was trading at €23.49?

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