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Question 14 (3.7 points) The premium on a long term put option on the market index with an exercise price of $885 is $15.00 when

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Question 14 (3.7 points) The premium on a long term put option on the market index with an exercise price of $885 is $15.00 when originally purchased. After 6 months the position is closed, and the index spot price is $852. If interest rates are 0.5% per month, what is the Put Payoff for a short position? 0-$18 +$33 O-$33

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