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10.1 On January 15, the share price of XYZ Corporation stock is 100. the value of a July 20 call at 110 is 1, the

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10.1 On January 15, the share price of XYZ Corporation stock is 100. the value of a July 20 call at 110 is 1, the value of a July 20 call a 90 is 15, the value of a July 20 put at 110 is 14, and the value of a July 20 put at 90 is 1.50. For each of the following strategies. determine the profit on the transaction, after exercising the option or letting it expire on July 20, whichever is more profitable, as a function of the share price (excluding commissions and interest). a (a) On January 15 buy a call at 110. (b) On January 15 buy the stock and sell a call at 110. (c) On January 15 buy a call at 110 and sell a call at 90. (d) On January 15 buy a call at 90 and sell a call at 110. (e) On January 15 buy a put at 90 and buy a call at 110. (f) On January 15 buy a put at 110 and buy a call at 90. (8) On January 15 sell a put at 90 and sell a call at 90

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