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begin{tabular}{|c|c|c|c|} hline multicolumn{2}{|c|}{ Microsoft (MSFT) } & multicolumn{2}{|c|}{ Underlying stock price =$71.75} hline Expiration & Strike & Call & Put hline June 16,

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\begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Microsoft (MSFT) } & \multicolumn{2}{|c|}{ Underlying stock price =$71.75} \\ \hline Expiration & Strike & Call & Put \\ \hline June 16, 2017 & 70 & 2.02 & 0.24 \\ \hline June 16, 2017 & 72 & 0.67 & 0.90 \\ \hline June 16, 2017 & 74 & 0.13 & 2.37 \\ \hline & & & \\ \hline July 7, 2017 & 70 & 2.40 & 0.58 \\ \hline July 7, 2017 & 72 & 1.15 & 1.32 \\ \hline July 7, 2017 & 74 & 0.42 & 2.59 \\ \hline \end{tabular} Refer to Figure 15.1, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following July 2017 expiration options on a single share, assuming that the stock price on the expiration date is $63. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.)

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