Consider a call option selling for $7 in which the exercise price is $100 and the price of the underlying is $98. Determine the value at expiration and the profit for the buyer under the following outcomes: 1. The price of the underlying at expiration is $105 (2 marks) .. The price of the underlying at expiration is $94 (2 marks) (b) Determine the value at expiration and the profit for the seller under the following outcomes: 1. The price of the underlying at expiration is 598 (2 marks) ii. The price of the underlying at expiration is $103 (2 marks) Consider a put option selling for $4 in which the exercise price is $60 and the price of the underlying is $62 (c) Determine the value at expiration and the profit for the buyer under the following outcomes : i. The price of the underlying at expiration is 564 (2 marks) ii. The price of the underlying at expiration is $50 (2 marks) (d) Determine the value at expiration and the profit for the seller under the following outcomes. 1. The price of the underlying at expiration is $51 (2 marks) ii. The price of the underlying at expiration is $68 (2 marks)