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Please help!!! Show work so I can understand the process! :) You purchase 16 call...

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Accounting

Please help!!! Show work so I can understand the process! :)

You purchase 16 call option contracts with a strike price of $90 and a premium of $4.45. Assume the stock price at expiration is $99.12.

1. What is your dollar profit? (Omit the "$" sign in your response.)

2. What if the stock price is $85.07? (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)

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