Use the option quote information shown below to answer the questions that follow. The stock is currently selling for $$46.$

Calls Puts

Option and Strike

NY Close Expiration Price Vol. Last Vol. Last

Macrosoft

February $471042\mathrm{.}13593\mathrm{.}13$

March $47802\mathrm{.}37413\mathrm{.}54$

May $47412\mathrm{.}65303\mathrm{.}96$

August $47222\mathrm{.}86224\mathrm{.}00$

a$.$ Suppose you buy $29$ contracts of the February $47$ call option. How much will you pay, ignoring commissions? $($Do not round intermediate calculations.$)$

Suppose you buy $29$ contracts of the February $47$ call option and Macrosoft stock is selling for $$49$ per share on the expiration date.

b$-1.$ How much is your options investment worth? $($Do not round intermediate calculations.$)$

b$-2.$ What if the terminal stock price is $$48?($Do not round intermediate calculations.$)$

Suppose you buy $29$ contracts of the August $47$ put option.

c$-1.$ What is your maximum potential gain? $($Do not round intermediate calculations.$)$

c$-2.$ On the expiration date, Macrosoft is selling for $$42$ per share. How much is your options investment worth? $($Do not round intermediate calculations.$)$

c$-3.$ On the expiration date, Macrosoft is selling for $$42$ per share. What is your net gain? $($Do not round intermediate calculations.$)$

Suppose you sell $29$ of the August $47$ put contracts.

d$-1.$ What is your net gain or loss if Macrosoft is selling for $$42$ at expiration? $($Input your answer as a positive value. Do not round intermediate calculations.$)$

d$-2.$ What is your net gain or loss if Macrosoft is selling for $$50$ at expiration? $($Input your answer as a positive value. Do not round intermediate calculations.$)$

d$-3.$ What is the break$-$even price, that is$,$ the terminal stock price that results in zero profit? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[],[$a$.,$Cost$],[$b$-1.,$Payoff$],[$b$-2.,$Payoff$],[$c$-1.,$Maximum gain$],[$c$-2.,$Position value$],[$c$-3.,$Net gain$],[$d$-1.,],[$d$-2.,],[$d$-3.,$Break$-$even$]]$