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3 options: Suppose you believe that BET's stock price is going to decline from its current level of $82.64 sometime during the next 7 months.
3 options: Suppose you believe that BET's stock price is going to decline from its current level of $82.64 sometime during the next 7 months. For $540.00 you could buy a 7-month put option giving you the right to sell 100 shares at a price of $79 per share. If you bought a 100-share contract for $540.00 and BET's stock price actually changed to $80.16, your net profit (or loss) after behaving rationally on the decision to exercise the option, would be ______
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