Suppose the hedge fund will sell the stock for a prot of at least $100,000 if the value of the stock rises to at least $1,100,000 at the end of one of the first 100 trading days, sell it for a loss if the value falls below $950,000 at the end of one of the rst 100 trading days, or sell after 100 trading days if the closing price has stayed between $950,000 and $1,100,000. Question: What is the expected prot (negative value indicates loss) that the hedge fund will make