Please answer all parts for a like a good rating :) THANKS!!

QUESTION 1

A contract that gives the owner (the buyer) the right, but not the obligation, to buy an asset at a specified exercise price on or before a specified expiration date is known as:

		Call option
		Forward contract
		Put option
		Future contract

QUESTION 1B

What is the payoff to a call option with an exercise (strike) price of $100 if the price at expiration is $80?

		-$20
		$0
		+$20

QUESTION 1C

A stock currently has a price of $100. You buy 1 call option on this stock for $100 per share. The exercise price of the option is $100 and the option expires in 1 year. In one year, the stock price is $500. What is your rate of return from the option contract?

		Less than -50%
		Between -50% and 150%
		Between 150% and 250%
		Between 250% and 350%
		Between 350% and 450%
		More than 450%

QUESTION 1D

A stock currently has a price of $100. You buy 1 put option on this stock for $100 per share. The exercise price of the option is $100 and the option expires in 1 year. In one year, the stock price is $500. What is your rate of return from the option contract?

		Less than -50%
		Between -50% and +150%
		Between 150% and 250%
		Between 250% and 350%
		Between 350% and 450%
		More than 450%