Consider the following data for JPMorgan Chase (JPM) stock options with November 2014 expiration, trading on the Chicago Board Options Exchange. Stock option contracts on the CBOE are for 100 shares of the underlying stock: The price of a share of JPM stock is $59.29. CALLS Price 4.82 2.87 1.36 0.50 Contract 14 Nov 55.00 14 Nov 57.50 14 Nov 60.00 14 Nov 62.50 PUTS Price 0.53 1.04 2.05 3.67 a. Consider the call options. Which are in the money? Which are out of the money? b. Consider the put options. Which are in the money? Which are out of the money? c. You purchase 25 of the November 2014 put option contracts with a strike price of $60.00 at the above price. What have you purchased the right to do? What is the per contract price of these options? What is the total amount you paid for the options? d. Consider the in the money call options and the in the money put options. If you purchase and immediately exercise the options, are your proceeds positive or negative? Are your profits positive or negative? Why does this make sense