The following quote information is for option contracts on Macrosoft stock. Strike Calls Last Expiration Feb 3.23 120 Mar 120 4.41 6.97 120 |May Aug 10.20 120 a) If Macrosoft shares are currently selling for $119, what is the Intrinsic Value (on a per share basis, like the option price quotes) of the call options? v Are they currently in-the-money or out-of-the-money? b) Suppose you buy 10 contracts of the February 120 call options. How much will you pay, ignoring commissions? c) Suppose that on the expiration date Macrosoft stock's price has increased to $122 per share. For the February 120 call option, what is the payoff per share of underlying stock? v Given your position in part (b), how much is your total options investment worth? v What was the total profit? v What was the percent return? d) Suppose that on the expiration date Macrosoft stock's price has jumped to $134 per share. For the February 120 call option, what is the payoff per share of underlying stock? v Given your position in part (b), how much is the total profit (total value less initial cost) on your options investment? e) Suppose that on the expiration date Macrosoft stock's price has decreased to $118 per share. For the February 120 call option, what is the payoff per share of underlying stock? v Given your position in part (b), how much is the total profit (total value less initial cost) on your options investment