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Use the data in the following table to calculate the payoff and the profits for investments in each of the following July expiration options, assuming that the stock price on the expiration date is $150. PRICES AT CLOSE JUNE 30, 2016 IBM (IBM) Underlying Stock Price: 149.60 Call Put Open Open Strike Last Volume Interest Last Volume Interest 145 5.18 37 6319 0.48 79 5659 145 6.98 137 1943 3.60 512 2476 145 B.42 1310 6.35 1086 150 1.85 6521 1.81 1649 5763 150 4.10 472 2373 5.91 2911 150 23 2604 3101 155 0.79 337 13492 5.95 3847 155 1.90 113 5215 8.45 1748 155 3.60 1681 11.70 12 728 Expiration July 15, 2016 August 19, 2016 October 21, 2016 July 15, 2016 August 19, 2016 October 21, 2016 July 15, 2016 August 19, 2016 October 21, 2016 80 81 a. Call option, X= $145 b. Put option, X = $145 c. Call option, X = $150 d. Put option, X = $150 e. Call option, X= $15 f. Put option, X = $155