19. Belmarr corporation stock price is S - $90. By year end it is projected that elther Saw *$125 or SD $75 cod The prevailing interest rate is 8%. Put options on the stock are worth $12.69 priced comethicona per share ben. The strike price of the option contracts is $100 per share. The actual stock price at year end is 595 per share. You sa pod buy a single put option contract. Your gross payoff on a per share basis is (a) $5.00 (b) $7.69 (c) $0.00 (d) $8.69 (e) $10.00 a b