Part (1) Option Quotations for the M&B Corporation are listed as follows: .............................................CALL.............PUT Closing.....Strike....EXP...Premium.....Premium 50.7............48.0......Jul........3.20...........0.100 50.7............48.0......Sep......3.45...........0.250 50.7............53.0......Aug......0.500.........3.00 50.7............58.0......Oct.......0.700.........8.20 50.7............63.0......Jun.....1.00............13.4 Closing represents the closing price per share of M&B on a particular trading day. Is the September (Sep) call option in-the-money or out-of-the-money?__________ (answer with the word IN or the word OUT)

Is the June (Jun) put option in-the-money or out-of-the-money?______________ (answer with the word IN or the word OUT) Part (2) How much would it cost in premiums to invest in an October (OCT) straddle on M&B? $__________________ Place your answer in dollars and cents without a dollar sign.