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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 = 135 b. Put option, X = 135 c. Call option, X = 145 d. Put option, X = 145 = Microsoft (MSFT) Underlying stock price $1390 00.0069 Expiration Strike Call Put November D015, 135 6.78 1.89 0002019 November 0015, 140 3.60 3.70 DOD2019 November 0015, 145 1.50 6.65 002019 December 020, 135 7.93 3.28 DO 2019 December 0020, 140 4.88 5.30 D002019 December 0020, 145 2.71 8.10 DO 2019

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