QUESTION $13$

You purchased a put option on Delta co$.\text{'}$s stock for $$8\mathrm{.}4$ five months ago. The put has a strike price of $$79\mathrm{.}2,$ and the stock is now trading for $$71.$ If you exercise the put today, what will be your holding$-$period return?

$$ a$.2\mathrm{.}38\%$

b$.27\mathrm{.}38\%$

c$.-70\mathrm{.}24\%$

d$.-2\mathrm{.}38\%$