Turn back to Figure 20.1, which lists prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profits for investments in each of the following December 17 expiration options, assuming that the stock price on the expiration date is $300. P-639

a. Call option, X = $290

b. Put option, X = $290

c. Call option, X = $300

d. Put option, X = $300

e. Call option, X = $310

f. Put option, X = $310