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Provide clear explaination with the answers Options Markets Payoffs/Profits of Call/Put Options Use the data in the table below to calculate the payoff and the

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Provide clear explaination with the answers
Options Markets Payoffs/Profits of Call/Put Options Use the data in the table below to calculate the payoff and the profits for investments in each of the following November 2021 expiration options. Do the same for December 2021 expiration options. ACME Corporation Underlying stock price - $138.50 Expiration November 15, 2021 November 15, 2021 November 15, 2021 Strike 130 140 Call 6.75 3.65 1.50 Put 1.90 3.50 6.65 150 December 15, 2021 December 15, 2021 December 15, 2021 130 140 150 7.50 4.50 2.65 3.50 5.50 8.20

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