1.1 (4 Points) - Warren wants to buy a put option on Pacific Shrimps (stock C). He owns exactly one Pacific Shrimps stock which currently trades at 50 CU. What is his overall profit if the stock price drops to 30 CU? The put option itself is free of cost and the exercise price is 50 CU. Please use the diagram below to illustrate your answer. 100 90 80 70 60 Value of components at maturity 50 40 30 20 10 0 10 20 30 70 80 90 100 40 50 60 Asset price at maturity