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Assume we are talking about a call option on the S&P 100 stock index in which the multiplier is 100. Assume further, that the option

Assume we are talking about a call option on the S&P 100 stock index in which the multiplier is 100. Assume further, that the option costs $4.50. (a) Create a payoff and profit table (using a range of stock prices from $430 to $470, in increments of $10) if the exercise price is $450. What is the breakeven stock price at maturity? (b) Create a payoff and profit table table (using a range of stock prices from $630 to $670, in increments of $10) if the exercise price is $650. What is the breakeven stock price at maturity?

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