Question 3 Allan just bought 100 shares of Global Medics Berhad (Global) at a price of RM45 per share. As a protection he also bought a three-month put with a RM50 exercise price at a cost of RM400 Based on the above information, you are required to: a. if the share price of Global rises to RM61 on the exercise date: i explain does it good for Allan to exercise the option? (2 Marks) ii. calculate the profit or loss faces by Allan. (2 Marks) b. if the share price of Global drops to RM30 on the exercise date: i. explain does it good for Allan to exercise the option? (2 Marks) ii. calculate the profit or loss faces by Allan. (2 Marks) (Total: 8 Marks)