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36. Assume an investor sells a six-month put option with an exercise price of $50 and a premium of $7.99. The payoff for the put

36.

Assume an investor sells a six-month put option with an exercise price of $50 and a premium of $7.99. The payoff for the put at expiration is a function of the share price at that time. The investor forecasts a combination of five possible share prices that will occur in six-months time. What is the maximum profit, to the seller of the option? Give your answer to two decimal places.

Possible share price at expiration:

$27.12, $30.54, $42.78, $57.88, $63.26

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