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You purchase 300 shares of Microsoft stock at a price of $55.02 per share. You partially hedge your position by (1) writing one call option

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You purchase 300 shares of Microsoft stock at a price of $55.02 per share. You partially hedge your position by (1) writing one call option with a strike price of $60 per share and (2) buying one put option with a strike price of $60. The premium for the call is $6.75 per share and the premium for the put is $7.35 per share How much is your initial total investment? How much would be your total profit or loss if the stock price expiration of options is $49.05 per share? You sell all the stock at this time. How much would be your total profit or loss if the stock price expiration of options is $70.15 per share? You sell all the stock at this time. a. b. c

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