32. value: 2.00 points A stock is trading at $52. You believe there is a 70% chance the price of the stock will increase by 20% over the next 3 months. You believe there is a 15% chance the stock will drop by 5%, and you think there is only a 15% chance of a major drop in price of 30%. At-the-money 3-month puts are available at a cost of $670 per contract. What is the expected dollar profit for a writer of a naked put at the end of 3 months? $397.00 $0 $890 O $410