Finance 34.Assume that an investor purchased 1 share of XYZ Ltd last year for $36.86 and this year, with the share price at $43.32, writes a three-month call option with an exercise price of $50. If the writer receives a premium of $2.13 what is the total profit or loss made by the investor? Give your answer to two decimal places

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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A4) Finance 34.Assume that an investor purchased 1 share of XYZ Ltd last year for $36.86 and this year, with the share price at $43.32, writes a three-month call option with an exercise price of $50. If the writer receives a premium of $2.13 what is the total profit or loss made by the investor? Give your answer to two decimal places
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