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Refer to Figure 15.1, which lists the prices of various IBM 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 IBM options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following Jan-12 expiration options, assuming that the stock price on the expiration date is $167. (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.) Payoff Profit/Loss a. Call option,X=160 b. Put option. X=160 c. Call option, X= 165 d. Put option, X= 165 e. Call option, X-170 f. Put option,X=170 3.95

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