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Donia purchased 21 shares of SAMBA stock at $37.35 per share to hedge herself; she purchases a put option contract Exercise price $31 and the

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Donia purchased 21 shares of SAMBA stock at $37.35 per share to hedge herself; she purchases a put option contract Exercise price $31 and the premium is $3 per-contract. After 20 days, the price of the stock declines to $35. If the option is American, compute profit (loss) for the writer Round your answer to 2 decimal places. Answer formula (35 - X+0.03)*n b = 37.35 X31 n21

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