Table 2.6 Expiration Strike Call Put 18-Jan-2019 7.65 0.98 Prices of stock options on Microsoft, January 2, 2019 3.81 2.20 18-Jan-2019 18-Jan-2019 8-Feb-2019 8-Feb-2019 95 100 105 95 100 1.45 9.50 5.60 4.79 2.86 3.92 8-Feb-2019 105 3.08 6.35 Note: Microsoft stock on this day was $101.51. Source: Compiled from data downloaded from Yahoo! Finance. Refer to Table 2.6 and look at the Microsoft options. Suppose you buy a January expiration call option with exercise price $100. a-1. Suppose the stock price in January is $103.20. Will you exercise your call? Yes a-2. What is the profit (loss) on your position? (Enter your answer as a positive value rounded to 2 decimal places.) b-1. If you had bought the January call with exercise price $95, will you exercise your call? Yes No b-2. What is the profit (loss) on your position? (Enter your answer as a positive value rounded to 2 decimal places.)