Question 19 (3.33 points) You Sold a 175 call for $6, sold a 175 put for $4, commission $2 for both the call and the put, market settles at 180. The gain or loss at expiration is: 1) loss of $1 2) loss of $5 3) gain of $1 4) gain of $5 Question 20 (3.33 points) A project has the following cash flows. What is the payback period? Year 0 Cash flow - $6,300 1 $1,100 2 $4,500 3 $5,000 4 -$1,200 1) 2.07 years O2) 2.14 years 3) 2.22 years 4) 2.31 years Question 22 (3.33 points) You sold 100 call for $10, bought 120 call for $4, commission $2. Your break-even point(s) is/are: 1) 100 O2) 120 3) 102 4) 100 and 120