Suppose you believe that Bennett Environmental's stock price is going to increase from its current...
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Suppose you believe that Bennett Environmental's stock price is going to increase from its current level of $ 40.00 sometime during the next 7 months. For $ 104.47 you could buy a 7-month call option giving you the right to buy 100 shares at a price of $ 30 per share. If you bought a 100-share contract for $ 104.47 and Bennett's stock price actually changed to $ 26.96 , your net profit (or loss) after exercising the option would be ______?
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