Could you please explain a step by step to find the answers as well.

Both a call and a put currently are traded on stock XYZ; both have strike prices of $60 and expirations of 6 months. a. What will be the profit to an investor who buys the call for $4 in the following scenarios for stock prices in 6 months? (a) $40; (b) $45; (c) $50; (d) $55; (e) $60. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. Omit the "$" sign in your response.) b. What will be the profit to an investor who buys the put for $6.5 in the following scenarios for stock prices in 6 months? (a) $40; (b) $45; (c) $50; (d) $55; (e) $60. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. Omit the "$" sign in your response.)