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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 and 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 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 $76. (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.) Payoff Profit/Loss a. Call option,X-70 b. Put option, X = 70 c. Call option, X - 72 d. Put option, X = 72 e. Call option, X = 74 f. Put option, X = 74 Microsoft (MSFT) Expiration Strike June 16, 2017 70 June 16, 2017 72 June 16, 2017 74 Underlying stock price = $71.75 Call Put 2.02 0.24 0.67 0.90 0.13 2.37 70 0.58 July 7, 2017 July 7, 2017 July 7, 2017 72 74 2.40 1.15 0.42 1.32 2.59

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