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Please show work. Thank you! 11) Jaime wrote (sold) a nine-month put on Beta stock (each put option is for 100 units of stock). The

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Please show work. Thank you!

11) Jaime wrote (sold) a nine-month put on Beta stock (each put option is for 100 units of stock). The strike price was $25 and the market price at the time the option was written was $24. The total price of the option was $150 ($1.50 premium per stock). At what market price will Jamie just break-even on this investment? Ignore transaction costs and taxes and assume zero interest rate. Show graph and calculations

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