change the sale price to 5.5 and answer the question in a and b

Problem 64.9 An investor sells short 200 shares of ABC stock at $5.25 a share. He sells two put contracts (100 shares each) with a striking price of $5 and a premium of $0.50 a share. (a) What is the investor's profit if the spot price is below $5 at expiration? (b) The investor will be making profit as long as the spot price is less than what value at expiration? ule sa Again (9, 10)[5 each] 64.9 parts (a,b), with short sale price $5.50 / share