Question 10 You are selling a European put option with a strike price of 108 pence and an expiry date of 31 December 2026. The bid price is 3 pence. a) If the actual share price is 104 pence on the day of expiry, what profit (or loss) will you have made on the option? b) Discuss, with reasons, what should happen to the price of the put option today if the strike price increased, but all else remained the same