Problem 15-7 Calculating Option Payoffs (LO2, CFA2) Strike Price Calls Expiration Vol. Last Puts Vol. Last 50 Close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 29 72 41 16 8 5.20 8.40 10.68 14.30 2.40 4.90 6.60 10.10 10 2 a. Suppose you write 40 of the Feb 100 put contracts. What is your net gain or loss if Hendreeks is selling for $99.00 at expiration? For $112? $99.00 at expiration $112 at expiration 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