value:00 points Refer to Figure 15.1, which lists the prices of various IBM options.

1.value:10.00 points 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. (Leave no cells blank – be certain to enter “0” wherever required. Loss amounts should be indicated by a minus sign. Round “Profit/Loss” to 2 decimal places.)(Figure 15.1)IBM Underlying stock price:166.76Experation