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Refer to Flgure 15.1, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profit/loss

image text in transcribedimage text in transcribed Refer to Flgure 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 "O" wherever requlred. Loss amounts should be Indicated by a minus sign. Round "Proflt/Loss" to 2 decimal places.) \begin{tabular}{|c|c|c|c|} \hline \multicolumn{2}{||c|}{ Microsoft (MSFT) } & \multicolumn{2}{|c|}{Underlyingstockprice=$71.75} \\ \hline Expiration & Strike & Call & Put \\ \hline June 16, 2017 & 70 & 2.02 & 0.24 \\ \hline June 16, 2017 & 72 & 0.67 & 0.90 \\ \hline June 16, 2017 & 74 & 0.13 & 2.37 \\ \hline & & & \\ \hline July 7, 2017 & 70 & 2.40 & 0.58 \\ \hline July 7, 2017 & 72 & 1.15 & 1.32 \\ \hline July 7, 2017 & 74 & 0.42 & 2.59 \\ \hline \end{tabular}

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