Investor A predicts that the share price of company X will decrease within 1 year and plans to make a profit by taking advantage of this decrease. Investor B thinks that the share of company X will increase in value. Investor A purchased a European type put option based on the share certificate of company X on 1 January 2020, with a maturity date of 31 December 2020 and a strike price of 110 TL. Investor B is the obligor of the option contract. Contract premium is 5 TL.

a) What will be the profit or loss status of the option holder if the share price is 80 TL on December 31, 2020? (4 points)

b) What will be the profit or loss status of the option holder if the share price is 150 TL on December 31, 2020? c) Draw a graph showing the maximum profit and maximum loss that the option holder can make at the end of the term, according to the contract between investor A and investor B.