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 "o" 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. Payoff Profit Loss Call option, X = 70 18.00 18.00 Put option,X-70 0.00 (18.00) Call option, X = 72 16.00 (16.00) Put option, X=72 0.00 322.00 Call option,X-74 14.00 52.32 3 Put option, X = 74 0.00 61.05 Microsoft (MSFT) Expiration Strike June 16, 2017 70 June 16, 2017 72 June 16, 2017 74 Underlying stock price = $71.75 Call Put 0.24 0.67 0.90 0.13 2.37 2.02 70 2.40 0.58 July 7, 2017 July 7, 2017 July 7, 2017 72 74 1.15 0.42 1.32 2.59