Jan 1. On December 10, the stock price of Kellogg is $66.64. You have the following quotes on Kellogg options: Expiration Exercise Calls Puts Price Jan 60 6.70 0.12 65 2.52 0.80 Mar 67.50 2.42 4.30 Mar 70 1.44 7.70 a) Which call options are in the money? Which put options are in the money? b) What is the exercise value of the January call option with a strike price of $60? c) What is the time value of the January Put option with a strike price of $65? d) Suppose you buy 15 contracts of the January $65 call option. How much will you pay, ignoring commissions? e) Assume you bought 20 contracts of the March $67.50 call and the price of Kellogg's stock closes at $75 per share on the expiration date. What is your profit/loss? f) Assume you bought 20 contracts of the March $67.50 put and the price of Kellogg's stock closes at $75 per share on the expiration date. What is your profit/loss? g) Suppose you buy 1 contract of the March 70 put option. What is the absolute maximum gain/profit you could achieve