Refer to the table below and look at the IBM options. Suppose you buy a January 2013 expiration call option with exercise price $180. a. Suppose the stock price in January is $193. Will you exercise your call? What is the profit on your position? b. What if you had bought the January call with exercise price $185? c. What if you had bought a January put with exercise price $185? IBM July 10, 2019 Expiration Strike CALL PUT Last Last Jul 180 5.50 2.11 Aug 180 6.85 3.70 Oct 180 9.70 6.85 Jan 180 12.58 10.25 Jul 185 2.80 4.20 Aug 185 4.10 6.26 Oct 185 6.99 9.10 Jan 185 9.75 12.01