Problem 15-7 Calculating Option Payoffs (LO2, CFA2) Strike Calls Price Expiration Vol. Last Puts Vol. Last 72 Close Hendreeks 103 103 103 103 41 100 100 100 100 Feb Mar Apr Jul 5.20 8.40 10.68 14.30 50 29 10 2 2.40 4.90 6.60 10.10 16 8 a. Suppose you write 35 of the Apr 100 put contracts. What is your net gain or loss if Hendreeks is selling for $95.90 at expiration? For $112? $95.90 at expiration $112 at expiration net loss net gain b. What is the break-even price, that is, the terminal stock price that results in a zero profit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Break-even price