Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $47. Calls Puts Strike Option and NY Close Macrosoft Price Vol. 105 Vol. 48 60 Expiration February March May August 48 81 Last 2.23 2.47 2.75 2.96 42 Last 3.23 3.64 4.06 4.10 42 31 48 48 23 a. Suppose you buy 30 contracts of the February 48 call option. How much will you pay, ignoring commissions? (Do not round intermediate calculations.) Cost Suppose you buy 30 contracts of the February 48 call option and Macrosoft stock is selling for $50 per share on the expiration date. b-1. How much is your options investment worth? (Do not round intermediate calculations.) Payoff $C What if the terminal stock price is $49? (Do not round intermediate calculations.) Payoff $0 Suppose you buy 30 contracts of the August 48 put option. C-1. What is your maximum potential gain? (Do not round intermediate calculations.) Maximum gain C- On the expiration date, Macrosoft is selling for $43 per share. How much is your 2. options investment worth? (Do not round intermediate calculations.) Position value C- On the expiration date, Macrosoft is selling for $43 per share. What is your net gain? 3. (Do not round intermediate calculations.) Net gain $D Suppose you sell 30 of the August 48 put contracts. d-1.What is your net gain or loss if Macrosoft is selling for $43 at expiration? (Loss amount should be indicated by a minus sign. Do not round intermediate calculations.) ( (Click to select) $O d- What is your net gain or loss if Macrosoft is selling for $51 at expiration? (Loss 2. amount should be indicated by a minus sign. Do not round intermediate calculations.) ( (Click to select) 4) d- What is the break-even stock price? (Do not round intermediate calculations and 3. round your final answer to 2 decimal places (e.g., 32.16).) Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $47. Calls Puts Strike Option and NY Close Macrosoft Price Vol. 105 Vol. 48 60 Expiration February March May August 48 81 Last 2.23 2.47 2.75 2.96 42 Last 3.23 3.64 4.06 4.10 42 31 48 48 23 a. Suppose you buy 30 contracts of the February 48 call option. How much will you pay, ignoring commissions? (Do not round intermediate calculations.) Cost Suppose you buy 30 contracts of the February 48 call option and Macrosoft stock is selling for $50 per share on the expiration date. b-1. How much is your options investment worth? (Do not round intermediate calculations.) Payoff $C What if the terminal stock price is $49? (Do not round intermediate calculations.) Payoff $0 Suppose you buy 30 contracts of the August 48 put option. C-1. What is your maximum potential gain? (Do not round intermediate calculations.) Maximum gain C- On the expiration date, Macrosoft is selling for $43 per share. How much is your 2. options investment worth? (Do not round intermediate calculations.) Position value C- On the expiration date, Macrosoft is selling for $43 per share. What is your net gain? 3. (Do not round intermediate calculations.) Net gain $D Suppose you sell 30 of the August 48 put contracts. d-1.What is your net gain or loss if Macrosoft is selling for $43 at expiration? (Loss amount should be indicated by a minus sign. Do not round intermediate calculations.) ( (Click to select) $O d- What is your net gain or loss if Macrosoft is selling for $51 at expiration? (Loss 2. amount should be indicated by a minus sign. Do not round intermediate calculations.) ( (Click to select) 4) d- What is the break-even stock price? (Do not round intermediate calculations and 3. round your final answer to 2 decimal places (e.g., 32.16).)