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23. The current stock price for Caterpillar Inc. (CAT) is $170. To purchase a call with an expiration date 1 months ahead and a strike

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23. The current stock price for "Caterpillar Inc. (CAT)" is $170. To purchase a call with an expiration date 1 months ahead and a strike price of $170 would cost (bid price) $7.00. To purchase a put with an expiration date 1 months ahead and a strike price of $170 would cost $7.10. (22 points). a. Using Table 5.1 from slides as a model, create tables showing the payoff and profits for both puts and calls if the stock price on the expiration date were $155,$160,$165,$170,$175, and \$180. $185,$190 ( 16 points). b. What price would the stock have to be for the call option to be "in the money"? (3 points) c. What price would the stock have to be for the put option to be "in the money"? (3 points)

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