Refer to Figure 2.10 and look at the IBM options. Suppose you buy a October 2013 expiration call option with exercise price $185.

What is the profit (loss) on your position? (Input the amount as a positive value. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

(Click to select)ProfitLoss

$

c-1.

If you had bought the October put with exercise price $180, will you exercise your put?

	Yes
	No

c-2.	What is the profit (loss) on your position? (Input the amount as a positive value. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

(Click to select)ProfitLoss

$