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Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $43 Calls Puts Strike Vol 101 Vol 56 38 27 19 Last 2.83 3.24 3.66 3.70 Option Expiration Price Macrosoft Feb Mar May Aug 45 45 45 45 Last 1.83 2.07 2.35 2.56 38 19 a. Suppose you buy 26 contracts of the February 45 call option. How much will you pay, ignoring commissions? Answer is complete and correct. Cost 4,758Suppose you buy 26 contracts of the February 45 call option. Macrosoft stock is selling for $46 per share on the expiration date b-1. How much is your options investment worth? b-2. What if the terminal stock price is $45? Answer is complete and correct. b Payoff if stock price is $ 2,600 b Payoff if stock price is 2. $45Suppose you buy 26 contracts of the August 45 put option c-1. What is your maximum gain? c-2. On the expiration date, Macrosoft is selling for $39 per share. How much is your options investment worth? c-3. On the expiration date, Macrosoft is selling for $39 per share. What is your net gain? Answer is not complete. C-Maximum gain 1. 1,074 CPosition value 2. CNet gain 3Suppose you sell 26 of the August 45 put contracts d-1. What is your net gain or loss if Macrosoft is selling for $40 at expiration? (Enter your d-2. What is your net gain or loss if Macrosoft is selling For $47 at expiration? (Enter your d-3. What is the break-even stock price? (Round your answer to 2 decimal places, e.g., answer as a positive value.) answer as a positive value.) 32.16.) d-1 d-2. d-3. Break-even stock price

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