Question 3 Stock price at time of the option quotes given above was $35.00 A buyer purchases a call option with a strike price of $45. 1. What is the Maximum Possible Loss (in theory) to the call writer if the stock price continues to increase and they do not own the underlying stock? ( 2 points.) 2. Calculate the Payoff to the put buyer if they exercise this option at the current stock price of $10. (2 points.) 3. Calculate the Loss to the put writer if the option was exercised at the at the current stock price of $10. ( 2 points.) Question 3 Stock price at time of the option quotes given above was $35.00 A buyer purchases a call option with a strike price of $45. 1. What is the Maximum Possible Loss (in theory) to the call writer if the stock price continues to increase and they do not own the underlying stock? ( 2 points.) 2. Calculate the Payoff to the put buyer if they exercise this option at the current stock price of $10. (2 points.) 3. Calculate the Loss to the put writer if the option was exercised at the at the current stock price of $10. ( 2 points.)