1. Suppose you believe that Florio Company's stock price is going to decline from its current level $82.50 sometime during the next 5 months. For $5.10 you could buy a 5-month put option giving you the right to sell 1 share at a price of $86 per share. If you this option for $5.10 Florio's stock price actually dropped to $60, hat would your pre-tax net profit a. -$5.10 b. $19.90 C, $20.90 d. $22.50 e. $27.60