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 December 2019 expiration options on a single share, assuming that the stock price on the expiration date is $141. (Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.)

Microsoft (MSFT)		Underlying stock price = $139.69
Expiration	Strike	Call	Put
November 15, 2019	135	6.78	1.89
November 15, 2019	140	3.60	3.70
November 15, 2019	145	1.50	6.65
December 20, 2019	135	7.93	3.28
December 20, 2019	140	4.88	5.30
December 20, 2019	145	2.71	8.10

pay off profit/loss

a. call option , x=140

b. pull option , x=140

c. call option , x=145

d. pull option , x=145