Shares in XYZ Inc. are selling at $28. An investor purchases a June put option with a $30 strike price at a price of $5 per contract. If the XYZ shares fall in price to $23 what impact will this most likely have on the dollar value of the put options? a) no change in the value of the put options b) increase the value of the put options c) not enough information to answer this question d) reduce the value of the put options