Turn back to Table 25.2, which lists prices of various TD options. Use the data in the table to calculate the payoff and the profits for investments in each of the following January 2015 maturity options, assuming that the stock price on the expiration date is $56.8.
a. Put option with exercise price $54
b. Call option with exercise price $54
c. Put option with exercise price $56
d. Call option with exercise price $56
e. Put option with exercise price $58
f. Call option with exercise price $58
Table 25.2

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Call Price Expiration Date Exercise Price Put Price August 2014 $54 $2.79 $.02 56 $1.00 $.22 $.12 $1.31 58 October 2014 $54 $3.10 $.42 56 $1.55 $.96 58 $.55 $2.02 January 2015 $54 $3.35 $.97 56 $2.00 $1.67 58 $1.01 $2.75