. O You have $ 45,000 to invest for 9 months: Choice # 1: You bought Company X shares at a current price of $ 5000 per share and sold them after 9 months when it depreciated by 25%. Choice # 2: You bought 9 months put option contracts on Company X at 10% of Company X's current share price. Tax rate on profit is at 25%. Annual inflation rate is 4.35%. 1. What are the profits in $ from investment in Company X shares and Company X put option contracts? Show your calculations 2. Based on the results in question 1, which investment would you recommend and why? 3. What is the annualized HPY of investment in Company X put option? 4. What is the after-tax return of investment in both Company X shares and Company X put option contracts? 5. What is the after-tax and after-inflation return from investment in Company X shares and Company X put option contracts? 6. Please explain how the put option contracts are used as a risk hedge