You Pay $3

Multiple Choice

You pay $3.25 for a call option on Luther Industries that expires in three months with a strike price of $40.00.Three months later,at expiration,Luther Industries is trading at $41.00 per share.Your profit per share on this transaction is closest to:

A) -$1.00
B) $1.00
C) -$2.25
D) $2.25
E) $0