7. The options for Microsoft (stock price $25.84) are trading at the following prices: Strike Calls Puts 22.50 3.40 0.10 25.00 1.25 0.30 27.50 0.15 1.80 a. Create a bull call spread based on an outlook that Microsoft will be over 27.50 at expiration. Include the cost of the trade and maximum profit or loss at expiration b. Create a bear put spread based on an outlook that Microsoft with be under 25.00 at expiration