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Required: 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

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Required: 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 profit/loss 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 $140. (Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.) Payoff Profit/Loss a. Call option, X = 140 b. Put option, X = 140 c. Call option, X = 145 d. Put option, X = 145 Microsoft (MSFT) = Expiration November 15, 2019 November 15, 2019 November 15, 2019 December 20, 2019 December 20, 2019 December 20, 2019 Strike 135 140 145 135 140 145 Underlying stock price = $139.69 Call Put 6.78 1.89 3.60 3.70 1.50 6.65 7.93 3.28 4.88 5.30 2.71 8.10

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