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6a. In January 2021 you purchased 2,000 shares of BZA Ltd for $30.00 per share. Concerned that the market will turn bearish, you decide to
6a. In January 2021 you purchased 2,000 shares of BZA Ltd for $30.00 per share. Concerned that the market will turn bearish, you decide to buy 20 put options on the company's shares with each contract written on 100 shares at an exercise (or strike) price of $30.00 expiring in July 2021 for a premium of $1.00 per share. If at expiration the company's share price is $28.00 calculate the total profit or loss on your hedged position. Show all calculations.
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