Question 13 You observed the following monthly closing prices for Stock XYz in 20 9 Date Jan. 31 Feb, 28 Mar. 31 Apr. 30 May 31 Jun. 30 -StockPrice95-t-120- -115-1-110 15 110 Jul. 31 Aug. 31 Sep. 30 Oct. 31 Nov. 30 Dec. 3 1 1 Date Stock Pricer 100. 95-120-i-125 1110! 105 The following are one-year European options on Stock 2008, at which time the price of XYZ was 100. XYZ. The options were issued on Dec. 31 An arith .A knock-out put option with a barrier of 130 and a strike of 120. . A knock-in put option with a barrier of 120 and strike of 115. e A knock-out call option with a barrier of 125 and a strike of 100 metic average Asian put (based on monthly closing prices) with a strike of 100. Calculate the difference in the payoffs between the option with the largest payoff and the option with the smallest payoff. (a) 5 (b) 10 (d) 20