$10$

You have purchased a put option on Kimberly Clark common stock. The option has an exercise price of $$67$ and Kimberly Clark's stock currently trades at $$68\mathrm{.}18.$ The option premium is $$1\mathrm{.}34$ per contract. One option equals $100$ shares of the underlying stock.

$1$

a$.$ Calculate your net profit on the option if Kimberly Clark's stock price falls to $$65$ and you exercise the option. $($Negative amount points should be indicated by a minus sign. Do not round intermediate calculations.$)$

b$.$ Calculate your net profit on the option if Kimberly Clark's stock price does not change over the life of the option. $($Negative amount should be indicated by a minus sign.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.,$Net profit,$$,(1)x$