$($Examples $2\mathrm{.}2/2\mathrm{.}3,$ Page $30)$

Use the following information for questions $3$ through $19.$

The following are the prices $($premia$)$ for calls and puts on MSFT $($Microsoft$)$ stock maturing Nov $18.$

For the following questions

a$)$ Assume you are long the position described.

b$)$ Calculate payoff at maturity, or calculate net profit, as the question indicates.

c$)x=$ strike of an option, $F=$ Forward Price of a forward contract.

d$)$ Assume the price of MSFT at maturity is $$100$

Payoff, Forward, $F=95$

Net profit, Forward, $F=95$

Payoff, Call, $X=95$

Net profit, Call, $X=95$

Payoff, Put, $X=95$

Net profit, put, $X=95$

payoff, forward, $F=100$

payoff, call, $X=100$

net profit, call, $X=100$

payoff, put, $X=100$

net profit, put, $X=100$

payoff, forward, $F=105$