Question: Microsoft (MSFT) Underlying stock price = $139 .69 Call Put Strike Expiration November 15, 2019 135 6.78 1.89 November 15, 2019 140 3.60 3.70 November

 Microsoft (MSFT) Underlying stock price = $139 .69 Call Put StrikeExpiration November 15, 2019 135 6.78 1.89 November 15, 2019 140 3.60

Microsoft (MSFT) Underlying stock price = $139 .69 Call Put Strike Expiration November 15, 2019 135 6.78 1.89 November 15, 2019 140 3.60 3.70 November 15, 145 1.50 6.65 2019 December 20, 135 7.93 3.28 2019 140 4.88 5.30 December 20, 2019 December 20, 145 2.71 8.10 2019 Required: Refer to Figure 15.1, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following December 2019 expiration options on a single share, assuming that the stock price on the expiration date is $138. (Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.) Payoff Profit/Loss a. Call option, X = 135 b. Put option, X = 135 c. Call option, X = 145 d. Put option, X = 145

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