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Required: Refer to Elgure 151. Which lists the prices of various Microsoft options. Use the data in the figure to caiculate the payoff and the
Required: Refer to Elgure 151. Which lists the prices of various Microsoft options. Use the data in the figure to caiculate the payoff and the profit/oss for investments in each of the following November 2019 expiration options on a single share, assuming that the stock price on the expiration date is $138. (Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.) \begin{tabular}{|l|l|l|c|} \hline \multicolumn{2}{|c|}{ Microsoft (MSFT) } & \multicolumn{2}{c|}{ Underlying stock } \\ \hline \multicolumn{2}{|c|}{} & \multicolumn{2}{c|}{$139,69} \\ \hline Expiration & Strike & Call & Put \\ \hline November 15, 2019 & 135 & 6.78 & 1.89 \\ \hline \begin{tabular}{|l} November 15, \\ 2019 \end{tabular} & 140 & 3.60 & 3.70 \\ \hline November 15, 2019 & 145 & 1.50 & 6.65 \\ \hline December 20, 2019 & 135 & 7.93 & 3.28 \\ \hline December 20, 2019 & 140 & 4.88 & 5.30 \\ \hline December 20, 2019 & 145 & 2.71 & 8.10 \\ \hline \end{tabular}
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