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Required: Refer to figure 15.3, which ists 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 15.3, which ists the prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profitloss 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 $139. (Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.) Answer is not complete. a. Call option, X 135 b. Put option, X = 135 c. Call option, X 145 d. Put option, X 145 Payoff Prof Loss $ (2.60) $ 0.00 $ (3.70) 3 $0.00 $ (1.50) $ 5.65 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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