6) Use the following options quotations on stock to answer Question 6: Calls Puts Strike Price Expiration Vol. Last Vol. Last Close Hendreeks 103 103 100 Feb 72 50 5.20 8.40 2.40 4.90 100 Mar 41 29 103 100 16 10.68 10 6.60 Apr Jul 103 100 8 14.30 2 10.10 Suppose you buy 30 APR 100 put option contracts. How much will you pay, ignoring commissions? 7) Suppose you buy a straddle, which means you purchase a put and a call with the same strike price. The put price is $1.50 and the call price is $2.00. Assume the strike price is $55. What are the expiration date payoffs to this position for stock prices of $50.00, $52.50, $55.00, $57.50, and $60.00? What are the expiration date net profits to this position for these same stock prices? What are the break-even stock prices