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Problem 28-02 A put is the option to sell stock at $54. It expires after three months and currently sells for $3 when the price
Problem 28-02 A put is the option to sell stock at $54. It expires after three months and currently sells for $3 when the price of the stock is $56. a. If an investor buys this put, what will the profit be after three months if the price of the stock is $60? $54? $48? Round your answers to the nearest dollar. Use a minus sign to enter loss values, if any. If the answer is zero, enter "0". Price of the stock Profit on the position in the put $60 $ $54 $ $48 $ b. What will be the profit from selling this put after three months if the price of the stock is $60? $54? $48? Round your answers to the nearest dollar. Use a minus sign to enter loss values, if any. If the answer is zero, enter "0". Price of the stock Profit on the position in the put $60 $ $54 $ $48 $
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