Question 7 XYZ shares are currently priced in June at 250 pence a share. You believe that they are currently considerably overvalued and are worth only 150 pence a share. September put options on a strike price of 230 pence a share are currently valued at 25 pence. Each put option contract is based on 1000 shares. (a) What is the break even XYZ share price in September which will yield the option holder zero profits from the put option contract? (b) What is the net profit (+) et loss (-) in pounds to the put holder if the shares are priced at 150 pence in September? (c) What is the net profit (+)/ net loss (-) in pounds to the put holder if the shares are priced at 300 pence in September