Purchasing Call Options A call option on Michigan stock specifies an exercise price of $55. Today, the stock's price is $54 per share.
The premium on the call option is $3.
Assume the option will not be exercised until maturity, if at all. Complete the following table for a speculator who purchases the call option:
![1083_Table 3.jpg](https://secure.tutorsglobe.com/CMSImages/1083_Table 3.jpg)