Acme stock price is currently $10 per share. Acme's warrants have a price of $7 per warrant. Each warrant enables the holder to purchase three shares of Acme's common stock for $8 per share. What is...

Acme stock price is currently $10 per share. Acme's warrants have a price of  $7 per warrant. Each warrant enables the holder to purchase three shares of Acme's common stock for $8 per share.
What is the speculative premium on the warrant?

and

Suppose that an investor buys a 100-share call option for $250.  It has an exercise price of $60.  The underlying price per share of the stock at expiration is $66.
What then is the amount of profit or loss, ignoring brokerage fees?