Use the following information for problems 6,7,8 and 9. Suppose you purchase one IBM May 100 call contract at 55 and write one IBM May 105 call contract at $2. 6. What is the maximum potential profit of your strategy? 7. If, at expiration, the price of a share of IBM stock is $103, what would your profit? 8. What is the maximum loss you could suffer from your strategy? 9. What is the lowest stock price at which you can breakeven? 10. You buy one Xerox June 60 call contract and one June 60 put contract. The call premium is $5 and the put premium is $3. What is the maximum loss potential from this position? 11. You have just purchased the options listed below. Based on the information given, indicate whether the option is in the money, out of the money, or at the money, whether you would exercise the option if it were expiring today, what the dollar profit would be, and what the percentage return would be. Company Option Strike Today's In/Out stock of the Premium price Money? Exercise? Profit Return ABC call 10.00 10.26 1.10 ABC 10.00 10.26 0.95 XYZ 25.00 23.93 1.05 XYZ put 25.00 23.93 2.25