Refer to Figure 15.1, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following July 2017 expiration options on a single share, assuming that the stock price on the expiration date is $88. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.) Answer is complete but not entirely correct. b. Call option,X-70 Put option, X = 70 Call option, X - 72 Put option, X - 72 Call option,X-74 Put option, X = 74 Payoff 18.00 0.00 16.00 0.00 14.00 0.00 Profit Loss 18.00 (18.00) (16.00) 322.00 52.323 61.053 1 Refer to Figure 15.1, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following July 2017 expiration options on a single share, assuming that the stock price on the expiration date is $88. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.) Answer is complete but not entirely correct. b. Call option,X-70 Put option, X = 70 Call option, X - 72 Put option, X - 72 Call option,X-74 Put option, X = 74 Payoff 18.00 0.00 16.00 0.00 14.00 0.00 Profit Loss 18.00 (18.00) (16.00) 322.00 52.323 61.053 1