Question 31 1 pts The time value disappears as an option approaches expiration. At expiration, an option is only worth its intrinsic value. An out-of-the-money option has no value at expiration and expires. True False Question 32 1 pts Stock ABC is trading in the market at $100. Bobby bought a put option with 6-months left before it expires on Stock ABC. The put option has a premium of $12 and strike price of $100. What price must Stock ABC be at for Bobby to breakeven as a holder of the put option at expiration? $100 $108 $12 $88 Question 33 1 pts Gary thinks Roscoe Inc's stock price is going to decline from its current level of $72.50 sometime during the next 6 months. Gary can buy a 6-month put option on Roscoe's stock for $4.25. The put option has a strike price of $70.00. If Gary bought this option for $4.25 and Roscoe's stock price dropped to $71.00 by the time the option expires, what would Gary's $ profit or loss be? Enter your answer below without a dollar sign. For example, if you answer is -$15.55, enter it as -15.55 of if your answer is $25.35, enter it as 25.35. Question 34 1 pts Consider the following data for Stock ABC and then answer the question below. Price of Stock ABC Exercise Price of 3-month Call $50.00 $45.00 $8.00 Market Price of Call If at expiration of the call option the price of the stock is at $55.00, what would be the % return earned or lost by a buyer of the call option? Enter your answer below as a whole number without any % signs. For example, if your answer is -20%, enter it as -20. If its 35%, enter it as 35