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Refer to Figure 151, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff arid the profit/loss

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Refer to Figure 151, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff arid the profit/loss for investments in each of the following June 2017 expiration options on a single share, assuming that the stock price on the expiration date is $70. (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.) a. b. Answer is complete but not entirely correct. Payoff Profit/Loss Call option, X = 70 0.00 (2.40) Put option,X-70 0.00 (0.24) Call option, X72 0.00 (1.15) Put option, X = 72 2.00 0.68 Call option, X=74 0.00 (0.42) Put option, X - 74 4.00 1.41 X d. e f. Microsoft (MSFT) Strike Expiration June 16, 2017 June 16, 2017 June 16, 2017 Underlying stock price = $71.75 Call Put 2.02 0.24 0.67 0.90 0.13 2.37 72 70 2.40 July 7. 2017 July 7, 2017 July 7, 2017 72 74 1.15 0.42 0.58 1.32 2.59

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