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An investor currently,r holds 8 hundred shares of DEF stock. The investor purchases 8 put contracts (premium $5.09 and strike price $89) with each contract

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An investor currently,r holds 8 hundred shares of DEF stock. The investor purchases 8 put contracts (premium $5.09 and strike price $89) with each contract covering 100 shares. What is the investor's total cashow if the investor sells the shares of DEF at the point in time that coincides with the expiration of the option contracts? Assume the market price of DEF is 95.03 at this point in time. You answer should include the cashflow from selling shares, as well as the total cashow {prot or loss} from the put contracts

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