Peart bought $300\mathrm{.}0000$ shares of stock at a price of $$20\mathrm{.}0000$ per share. The price of the stock then went up to $$33\mathrm{.}0000$ per share so Peart decided to hedge his postion by purchasing three puts at a cost of $$120\mathrm{.}0000$ each. The puts have an exercise price of $$30\mathrm{.}0000.$ One week prior to the expiration of the puts, the price of the ntock was at $127\mathrm{.}00.$ per share. If Peart closed out all of his positions at that time, he would have earned a net profin of

$$200.$

$$240$

$$2,640$

$$3,000$