$4$

Suppose you purchase $11$ put contracts on Testaburger Company. The strike price is $$40$ and the premium is $$2\mathrm{.}50.$ If$,$ at expiration, the stock is selling for $$32$ per share, what are your put options worth? What is your net profit?

$\backslash$table$[[$Value of put options,$$,8],[$Net profit,$$,61]]$