1. ) Assume you purchased five put option contracts with 90 days until the expiration date on Stock CC with a strike price of $90 and a premium of $5.30. The stock is currently trading at $89.40 and assume at the end of 90 days, Stock CC is trading at $82.40:
   1. What are your put options worth at expiration?

2. What is your net profit on the put option contracts?

3. Using a HPR, what is the rate of return over the 3 month period?