Problem $2-29($Algo$)$

Both a call and a put currently are traded on stock $xYZ$; both have strike prices of $$55$ and expirations of six months.

Required:

a$.$ What will be the profit$/$loss to an investor who buys the call for $$4\mathrm{.}50$ in the following scenarios for stock prices in six months?

$($Loss amounts should be indicated by a minus sign. Round your answers to $2$ decimal places.$)$

b$.$ What will be the profit$/$loss in each scenario to an investor who buys the put for $$6\mathrm{.}50?($Loss amounts should be indicated

by a minus sign. Round your answers to $2$ decimal places.$)$