Denote by $ X $ the function space $$ C([a,b]) = \{ u: [a,b] \to \mathbb{C} \mid u ~ \text{is continuous at each} ~ t \in [a,b] \} $$ over the scalar field $ \mathbb{C} $ of complex numbers, as usual, in which the norm of $ u \in X $ is given by $$ \| u \| = \max_{t \in [a,b]} |u(t)|. $$ Suppose that $ \Phi: X \to \mathbb{C} $ is a linear functional satisfying $$ \forall x,y \in X: \qquad \Phi(x y) = \Phi(x) \Phi(y). $$ Can we conclude that $ \Phi $ is bounded?
At this stage, I guess that there exists $ t_{0} \in [a,b] $ such that $ \Phi(x) = x(t_{0}) $ for all $ x \in X $.