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A three month put option on Greshak Corp. common stock currently trades in the market. The put has a strike price of $36.00 and is

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A three month put option on Greshak Corp. common stock currently trades in the market. The put has a strike price of $36.00 and is priced at $3.50. Calculate the total gain or loss to an investor at expiration if Greshak's common stock is trading at: (a) $40.00 (6) $33.00 (c) $31.50 MAKE SURE YOU CLEARLY IDENTIFY YOUR ANSWERS TO EACH QUESTION. YOU MUST SHOW ALL CALCULATIONS TO RECEIVE CREDIT

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