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In the table below you are given the details of the put options on the shares of Eica Limited Required a) Determine the pay-off and

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In the table below you are given the details of the put options on the shares of Eica Limited Required a) Determine the pay-off and profit/loss to an investor who purchases the January 2016 expiration Fica Ltd.'s put options with an exercise price of R 430 if the share price at expiration is R400? What if the share price at expiration is R520? b) Determine the pay-off and profit/loss to an investor who sells the January 2016-expiration Fica Ltd.'s put options with an exercise price of R430 if the share price at expiration is R400 ? What if the stock price at expiration is R 520

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