Question #36 (12 points) Charlie bought seven put option contracts on a stock at an option price of $3.25. The stock's share price is currently $39.42. The options have a strike price of $38. Use the commission schedule in the text/from the notes. (a) Suppose the commission on the stock transaction is 0.5%, what is the total net profit from this strategy? Be sure to include the trade value and any relevant commission calculations. (3 points) centage Sample Commission Schedule Dollar Amount of Trade Commission $10,000 $120 +0.25% of dollar amount *Maximum commission is $30 per contract for the first five contracts plus $20 per contract for each additional contract. Minimum commission is $30 per contract for the first contract plus $2 per contract for each additional contract