Question 20 5 pts Consider the following option portfolios. Emily writes a Jan expiration call option on MSFT with exercise price of $110. She also writes a Jan expiration put option with an exercise price of $85. Cost of call option is $7.35 and the cost of put option is $9. What will be the profit/loss on this position if MSFT is selling for $97 at the time of option expiry? $9 $16.35 $7.35 $8.65 None of the above