14. Calculate the breakeven stock price for the PUT option if the premium is $3. What is the time value of the put? a) $63; $3 b) $57; $3 c) $55; $0 d) $76; $0 e) $55; $0 f) None of the above

15. Suppose the stock price at expiration is $75. Put premium is $3. The PUT option WRITERS profit would be: a) -$3 b) $3 c) -$15 d) $15 e) None of the above

16. Calculate the intrinsic value of the CALL option if the stock is currently selling for $75 a) $0 b) $15 c) -$15 d) $57 e) 63 f) None of the above