a. You have just purchased the options listedbelow. Based on the information given, indicate whether the optionis in the money, out of the money, or at the money, whether youwould exercise the option if it were expiring today, what thedollar profit would be, and what the percentage return would be.(Enter “0” if there is no profit or return from notexercising the option. Round your answer to 2 decimalplaces.)

Company	Option	Strike	Today's Stock Price	Moneyness of the option?	Premium	Exercise?	Payoff (per Share)	Profit (per Share)	Return
CAB	Call	19	$18.80	(Click to select)In the moneyOut of the money	1.15	(Click to select)YesNo			%
CAB	Put	19	$18.80	(Click to select)In the moneyOut of the money	3.68	(Click to select)NoYes			%
CAB	Call	45	$46.05	(Click to select)Out of the moneyIn the money	5.84	(Click to select)NoYes			%
CAB	Put	45	$46.05	(Click to select)Out of the moneyIn the money	0.88	(Click to select)NoYes			%

b. Now suppose that time has passed and thestocks’ prices have changed as indicated in the table below.Recalculate your answers to part a.

Company	Option	Strike	Today's Stock Price	Moneyness of the option?	Premium	Exercise?	Payoff (per Share)	Profit (per Share)	Return
CAB	Call	30	$29.10	(Click to select)In the moneyOut of the money	0.51	(Click to select)NoYes			%
CAB	Put	30	$29.10	(Click to select)Out of the moneyIn the money	4.87	(Click to select)YesNo			%
CAB	Call	45	$42.84	(Click to select)Out of the moneyIn the money	1.35	(Click to select)NoYes			%
CAB	Put	45	$42.84	(Click to select)Out of the moneyIn the money	2.75	(Click to select)NoYes			%