Problem 15-7 Calculating Option Payoffs (LO2, CFA2) Strike Price Calls Expiration Vol. Last Puts Vol. Last close Hendreeks 103 10 points 103 100 100 100 100 Feb Mar Apr Jul 72 41 16 8 5.20 8.40 10.68 14.30 50 29 10 2 2.40 4.90 6.60 10.10 103 103 01:18:22 a. Suppose you write 60 of the Feb 100 put contracts. What is your net gain or loss if Hendreeks is selling for $99.00 at expiration? For $116? eBook $99.00 at expiration $116 at expiration Print References 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