Previous Page Next Page Page 1 of 3 Question 1 (10 points) Listen Suppose you are a emotionally motivated investor (as opposed to a economically rational investor). Suppose you believe that Apple's stock price is going to decline from its current level of $ 81.26 sometime during the next 2 months. For $ 345.95 (Initial premium) you could buy a 2-month put option giving you the right to sell 100 shares at a price of $ 78 per share. If you bought a 100-share contract for $ 345.95 and Apple's stock price actually changed to $ 88.32 , your net profit (or loss) after exercising the option would be ______? Show your answer to the nearest .01. Do not use $ or signs in your answer. Use a - sign if you lose money on the contract. Your Answer: Answer Question 2 (10 points) Previous Page Next Page Page 1 of 3 Question 1 (10 points) Listen Suppose you are a emotionally motivated investor (as opposed to a economically rational investor). Suppose you believe that Apple's stock price is going to decline from its current level of $ 81.26 sometime during the next 2 months. For $ 345.95 (Initial premium) you could buy a 2-month put option giving you the right to sell 100 shares at a price of $ 78 per share. If you bought a 100-share contract for $ 345.95 and Apple's stock price actually changed to $ 88.32, your net profit (or loss) after exercising the option would be? Show your answer to the nearest .01. Do not use $ or signs in your answer. Use a - sign if you lose money on the contract. Your Answer: Answer Question 2 (10 points)