21. Refer to the Listed Stock Option Price Quote from February and assume it is now January:

IRQ				Underlying stock price $45.23
Expiration	STRIKE	Call				Put
		LAST	VOLUME		OPEN INTEREST		LAST	VOLUME	OPEN INTEREST
Mar	50	?	102		12,578		6.55	80	11,175
Jun	50	2.25	35		1,062		?	48	909

If you buy the March put and don't exercise before contract maturity, you will make a profit if the stock price at maturity ________ from today's price.

A) increases by more than 9.65 percent

B) increases by more than 4.57 percent

C) decreases by more than 3.94 percent

D) decreases by more than 11.99 percent

E) does not decrease by more than 5.64 percent