4. You hold stock in "Smith" Inc. As part of the founding family of the firm, you don't want to sell your shares because your family would lose their control of the firm. However, you don't think that your cousin, Bob, is doing a good job of running the company and you are afraid that the stock price will fall as a result of his incompetence. What option strategy could you use to protect yourself from the loss in value? (3 points) Using the following information calculate the portfolio value on the exercise date and the profit from your strategy. Stock Price Today = $40 Strike Price = $30 Call Price = $12.92 Put Price = $1.45 Scenario 1. Your cousin met your expectations and the stock value is $20 on the exercise date. (3 points) Scenario 2. Your cousin ended up being a secret genius and doubled the stock price to $80 on the exercise date. (3 points) 4. You hold stock in "Smith" Inc. As part of the founding family of the firm, you don't want to sell your shares because your family would lose their control of the firm. However, you don't think that your cousin, Bob, is doing a good job of running the company and you are afraid that the stock price will fall as a result of his incompetence. What option strategy could you use to protect yourself from the loss in value? (3 points) Using the following information calculate the portfolio value on the exercise date and the profit from your strategy. Stock Price Today = $40 Strike Price = $30 Call Price = $12.92 Put Price = $1.45 Scenario 1. Your cousin met your expectations and the stock value is $20 on the exercise date. (3 points) Scenario 2. Your cousin ended up being a secret genius and doubled the stock price to $80 on the exercise date. (3 points)