Use the option quote information shown below to answer the questions that follow. The stock is currently selling for $32. Option and Calls Puts NY Close Expiration Strike Price Vol. Last Vol. Last Macrosoft February 34 90 .73 45 1.73 March 34 66 .97 27 2.14 May 34 27 1.25 16 2.56 August 34 8 1.46 8 2.60 a. Suppose you buy 15 contracts of the February 34 call option. How much will you pay, ignoring commissions? (Do not round intermediate calculations.) Cost $ 1095.00 1095.00 Correct Suppose you buy 15 contracts of the February 34 call option and Macrosoft stock is selling for $35 per share on the expiration date. b-1. How much is your options investment worth? (Do not round intermediate calculations.) Payoff $ 2019.00 2019.00 Incorrect b-2. What if the terminal stock price is $34? (Do not round intermediate calculations.) Payoff $ -2019.00 -2019.00 Incorrect Suppose you buy 15 contracts of the August 34 put option. c-1. What is your maximum potential gain? (Do not round intermediate calculations.) Maximum gain $ Not attempted c-2. On the expiration date, Macrosoft is selling for $28 per share. How much is your options investment worth? (Do not round intermediate calculations.) Position value $ Not attempted c-3. On the expiration date, Macrosoft is selling for $28 per share. What is your net gain? (Do not round intermediate calculations.) Net gain $ Not attempted Suppose you sell 15 of the August 34 put contracts. d-1. What is your net gain or loss if Macrosoft is selling for $30 at expiration? (Input your answer as a positive value. Do not round intermediate calculations.) Loss Correct $ 1.60 1.60 Incorrect d-2. What is your net gain or loss if Macrosoft is selling for $36 at expiration? (Input your answer as a positive value. Do not round intermediate calculations.) Gain Correct $ Not attempted d-3. What is the break-even price, that is, the terminal stock price that results in zero profit? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Break-even $ 38.60 38.60 Incorrect