a. You have just purchased the options listed below. Based on the information given, indicate whether the option is in the money, out of the money, or at the money, whether you would exercise the option if it were expiring today, what the dollar profit would be, and what the percentage return would be. (Enter "O" If there is no profit or return from not exercising the option. Round your answer to 2 decimal places.) Company Option Strike Today's Stock In/Out of the Price Return ARC Call $10.26 In the money 1.10 -7636 ABC $10.26 Out of the money a 0.95 Call $23.93 Out of the money a ABC Put $23.93 In the money Money Profit -084 Put 1.05 -201.90 b. Now suppose that time has passed and the stocks' prices have changed as indicated in the table below. Recalculate your answers to part a. Strike 2 Company ABC ABC ABC ABC Option Call Put Call Put Today' Stock Price $11.23 $11.23 $27.00 $27.00 In/Out of the Money? in the money Out of the money in the money Out of the money Premium 1.10 0.95 1.05 2.25 Yes No Yes NO Profit 0 13 0.28 095 025 2