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2. The market price for Waste Management, Inc. (Ticker: WM) was $156.27 when Mary sold a put option today. The put premium is $4.70 and
2. The market price for Waste Management, Inc. (Ticker: WM) was $156.27 when Mary sold a put option today. The put premium is $4.70 and the exercise price is $145. The option will be expired on Jan. 20, 2024. (10 points) a. Draw the contingency graph for Mary. Label x axis, y axis, each point/interaction on the graph. a. What is the break-even point for Mary? b. What are Mary's maximum profit and maximum loss? c. Show the profit/loss for Mary if, at the expiration date, the WM price is (1) $95, (2) $142, and (3) $210
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