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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 profits

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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 profits for investments in each of the following June 2017 expiration options, assuming that the stock price on the expiration date is $71. (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.) ayoff Profit/Loss a. Call option, X = 70 b. Put option, X = 70 c. Call option, X = 72 Microsoft (MSFT) Underlying stock price $71.75 d. Put option, X 7 Strike Expiration June 16, 2017 Call Put e. Call option, X = 74 2.02 0.24 70 f. Put option, X = 74 June 16, 2017 0.67 0.90 72 June 16, 2017 74 0.13 2.37 July 7, 2017 July 7, 2017 July 7, 2017 70 2.40 0.58 1.15 1.32 72 0.42 2.59 74

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