2. Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $41. Calls Puts Option and

NY Close Expiration StrikePrice Vol. Last Vol. Last

Macrosoft Feb 43 99 1.63 54 2.63 Mar 43 75 1.87 36 3.04 May 43 36 2.15 25 3.46 Aug 43 17 2.36 17 3.50 a. Suppose you buy 24 contracts of the February 43 call option. How much will you pay, ignoring commissions? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cost $ Suppose you buy 24 contracts of the February 43 call option and Macrosoft stock is selling for $44 per share on the expiration date. b-1. How much is your options investment worth? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Payoff $ b-2. What if the terminal stock price is $43? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Payoff $ Suppose you buy 24 contracts of the August 43 put option. c-1. What is your maximum gain? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Maximum gain $ c-2. On the expiration date, Macrosoft is selling for $37 per share. How much is your options investment worth? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Position value $ c-3. On the expiration date, Macrosoft is selling for $37 per share. What is your net gain? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net gain $ Suppose you sell 24 of the August 43 put contracts. d-1. What is your net gain or loss if Macrosoft is selling for $38 at expiration? (A loss amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) $ d-2. What is your net gain or loss if Macrosoft is selling for $45 at expiration? (A loss amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) $ d-3. What is the break-even price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Break-even $