Answer questions 11-16 using the below information. Apple Inc. is currently trading at $150. The table below gives some information on some of the options available on Apple. =1 #2 =3 #4 =5 Type Call Call Call Call Put Put Put Put Expiration 30 days 30 days 60 days 60 days 30 days 30 days 60 days 60 days Strike Price $150 $160 $150 $160 $150 $110 $150 $110 Price Premium $2.5 $1.5 $3.5 $3.0 $2.25 $1.25 $2.75 $1.75 #6 #7 #8 Suppose that you already own Apple Inc. and you want to protect yourself against a decline in the stock price. In order to do that, you decide to buy a put option that expires in 30 days. Therefore, you have 2 choices, option #5 and option #6. Which one provides a better protection? Not enough information to decide. They provide the same protection. O #5 O #6 QUESTION 16 Suppose that you are 100% sure that the stock price will be $170 in 30 days. If you have $1000 to invest right now, which option would you pick? O #2 #1 O #5 # # # O #6