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I just need D-1. The answer is not 3,080 or -3080. Use the option quote information shown here to answer the questions that follow. The

I just need D-1. The answer is not 3,080 or -3080. image text in transcribed
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Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $45. Calls Puts Option Macrosoft Vol. 103 47 Strike Expiration Price Feb Mar 47 May 47 Aug 47 79 Last 2.03 2.27 2.55 2.76 Vol. 58 40 29 21 Last 3.03 3.44 3.86 3.90 40 21 a. Suppose you buy 28 contracts of the February 47 call option. How much will you pay, ignoring commissions? Answer is complete and correct. Cost $ 5,684 Suppose you buy 28 contracts of the February 47 call option. Macrosoft stock is selling for $48 per share on the expiration date. b-1. How much is your options investment worth? b-2. What if the terminal stock price is $47? Answer is complete and correct. b- $ 2,800 1. b- 2. Payoff if stock price is $48 Payoff if stock price is $47 $ 0 Suppose you buy 28 contracts of the August 47 put option. C-1. What is your maximum gain? c-2. On the expiration date, Macrosoft is selling for $41 per share. How much is your options investment worth? c-3. On the expiration date, Macrosoft is selling for $41 per share. What is your net gain? Answer is complete and correct. $ 120,680 C- 1. C- 2. C- 3 Maximum gain Position value Net gain $ 16,800 $ 5,880 $ Maximum gain Position value $ 2. C- 3. 120,680 16,800 5,880 Net gain $ Suppose you sell 28 of the August 47 put contracts. d-1. What is your net gain or loss if Macrosoft is selling for $42 at expiration? (Enter your answer as a positive value.) d-2. What is your net gain or loss if Macrosoft is selling For $49 at expiration? (Enter your answer as a positive value.) d-3. What is the break-even stock price? (Round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Gain d- 1. d- 2. d- 3. X $ (3,080) $ 10,920 Gain Break-even stock price $ 43.10

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