d. Differentiate long and short position in derivatives trading. (4 marks) e. For each of the following scenarios, state whether your option is in-the-money, out- of-the money or at-the-money. i. ii. iii. iv. You have a KLCI call option with a strike price of 1133 and the current index level is 1211. You have an XYZ put option with a strike price of RM1.80 and the current stock price is RM2.45. You have a KLCI put option with a strike price of 1190 and the current index level is 1215. You have an XYZ call option with a strike price of RM2.30 and the current stock price is RM2.50. QUESTION MADIZE (8 marks)