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7. A speculator purchases a put option for a premium of $10, with an exercise price of $30. The stock is presently priced at $29,

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7. A speculator purchases a put option for a premium of $10, with an exercise price of $30. The stock is presently priced at $29, and rises to $32 before the expiration date. What is the maximum profit per unit to the speculator who owned the put option assuming he or she exercises the option at the ideal time? (2 Points) O a. -34 b. -58 OC -59 O d.sg

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