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13. Suppose a stock is priced at $75 currently. You are bearish on the stock and are considering buying a put option with exercise

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13. Suppose a stock is priced at $75 currently. You are bearish on the stock and are considering buying a put option with exercise price of $75 that is priced at $ 7.00. Based on the following stock prices at expiration, determine your profit/loss with the put option? a. The stock price is $55 b. The stock price is $65 c. The stock Price is $75 d. The stock price is $90 e. What's the breakeven stock price on the put option? (4 points)

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