Refer to Figure 15.1, which lists the prices of various Facebook options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following Nov-14 expiration options on a single share, assuming that the stock price on the expiration date is $77. (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 = 75
b.	Put option, X = 75
c.	Call option, X = 80
d.	Put option, X = 80

Underlying stock Facebook (FB) Expiration Strike 75 80 price = $75.95 Call 3.95 1.65 Put 3.01 5.72 Oct-14 Oct-14 75 80 4.85 2.64 Nov-14 3.97 Nov-14 6.74