The following table lists prices of Alphabet options in December2015 when Alphabet stock was selling for $470.
Expiration Date | Exercise Price | Call Price | Put Price |
March 2016 | $ | 440 | | $ | 43.66 | | $ | 15.10 | |
| | 470 | | | 26.75 | | | 27.90 | |
| | 475 | | | 14.70 | | | 46.40 | |
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Use the data in the table to calculate the payoff and theprofits for investments in each of the following June maturityoptions, assuming that the stock price on the expiration date is$450. (Negative amounts should be indicated by a minussign. Round your answers to 2 decimal places.)
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| | | Payoff | Profit | a. | Call option with exercise price of$440 | | | b. | Put option with exercise price of$440 | | | c. | Call option with exercise price of$470 | | | d. | Put option with exercise price of$470 | | | e. | Call option with exercise price of$500 | | | f. | Put option with exerciseprice of $500 | | |
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