Refer to Figure 15.1, which lists the prices of various IBM options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following January 2012 expiration options,assuming that the stock price on the expiration date is $165.
a. Call option, X = 160
b. Put option X = 160
c. Call option, X = 165
d. Put option, X = 165
e. Call Option, X = 170
f. Put Option, X = 170