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Use Figure 20.1, which lists prices of various IBM options. Use the data in the figure to calculate the payoff and the profits for investments

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Use Figure 20.1, which lists prices of various IBM options. Use the data in the figure 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. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign.) Payoff Profit/Loss a. Call option, X = $145.00 b. Put option, X = $145.00 c. Call option, X = $150.00 d. Put option, X = $150.00 e. Call option, X = $155.00 f. Put option, X = $155.00 IBM (IBM) Call 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 Underlying Stock Price: 149.60 Put Open Open Strike Last Volume Interest Last Volume Interest 145 5.18 37 63190.48 79 5659 145 6.98 137 1943 3.60 5 122476 145 8.42 12 1310 6.35 80 1086 150 1.85 478 6521 1.81 1649 5763 150 4.10 472 2373 5.91 81 2911 150 5.43 23 2604 8.42 77 3101 155 0.79 337 13492 5.95 77 3847 155 1.90 113 5215 8.45 9 1748 155 3.60 8 1681 11.70 12 728 Figure 20.1 Prices of stock options on IBM on June 30, 2016

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