2. Assume the same conditions as in exercise 1 , except that you, as a dealer, sell 5,000 puts with a strike of 50 and an expiration of three months (=41). (a) Calculate the fair market price for the put. (b) How many shares of stock should you use to hedge the sale? Hint: Caution: will be negative, which means you will sell short a certain number of shares of stock. (c) What is your profit, if you sell the put for the fair market price +$0.12