Question 8 (10 points) A put option of ABC is selling for $3.20. Shares of the underlying stock have risen from $32.38 to $34.82. What could the new price of the put option be? 1) Between $3.11 and $3.19 2) Between $3.21 and $3.29 3) Between $3.31 and $3.39 4) Between $3.41 and $3.49 5) Between $3.51 and $3.59