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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

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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 June 2017 expiration options on a single share, assuming that the stock price on the expiration date is $74. (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.) a. b. Payoff 0.00 % 0.00 0.00 X 0.00 Call option, X = 70 Put option, X = 70 Call option, X = 72 Put option, X = 72 Call option, X = 74 Put option, X = 74 Profit/Loss 0.00 X (0.24) 0.00 X (0.24) X c. d. e. 0.00 (0.24) X (2.37) f. 0.00

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