d. Suppose that an investor owns one share of ABC stock currently priced at $30. The investor is worried about the possibility of a drop in share price over the next three months and is contemplating purchasing a put option to hedge this risk. Compute the following:

i. The profit on the un-hedged position if the stock price in three month is $25

ii. The profit on the un-hedged position if the stock price in three month is $35

iii. iii. The profit for a hedged stock if the stock price in three month is $35, the strike price on the put $35 and put premium is $1.50

iv. The profit for a hedged stock position if the stock price in three month is $35, the strike price on the put is $30 and the premium is $1.50