(b) You are given the following information about a European put option: Price = 0.158 A = -0.048 0 = -1.346 (per annum) T = 0.013 The stock underlying the put option has a current price of $50. The stock does not pay dividends. The continuously compounded risk-free rate of return is 6% per annum. A market-maker writes 100 of the put options and then delta-hedges. The next day the stock price falls to $49. Estimate the market-maker's profit. (b) You are given the following information about a European put option: Price = 0.158 A = -0.048 0 = -1.346 (per annum) T = 0.013 The stock underlying the put option has a current price of $50. The stock does not pay dividends. The continuously compounded risk-free rate of return is 6% per annum. A market-maker writes 100 of the put options and then delta-hedges. The next day the stock price falls to $49. Estimate the market-maker's profit