Suppose you believe that Florio Company's stock price is going to decline from its current level of $82.50 sometime during the next 5 months. For $5.10 you could buy a 5-month put option giving you the right to sell 1 share at a price of $85 per share. If you bought this option for $5.10 and Florio's stock price actually dropped to $50, what would your pre-tax net profit be?

Question 6 options:

	-$5.10
	$19.90
	$29.90
	$22.50