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A put is the option to sell stock at $ 5 5 . It expires after three months and currently sells for $ 3 when

A put is the option to sell stock at $55. It expires after three months and currently sells for $3 when the price of the stock is $57.
a. If an investor buys this put, what will the profit be after three months if the price of the stock is $60? $55? $50? Round your answers to the nearest dollar. Use a minus
sign to enter loss values, if any. If the answer is zero, enter "0".
Price of the stock Profit on the position in the put
b. What will be the profit from selling this put after three months if the price of the stock is $60? $55? $50? Round your answers to the nearest do
enter loss values, if any. If the answer is zero, enter "0".
Price of the stock Profit on the position in the put
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