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Suppose you purchased 10 put options (strike price = $42.50) on Harley-Davidson (HOG) at a price of $1.50 each. At expiration, the stock price is

Suppose you purchased 10 put options (strike price = $42.50) on Harley-Davidson (HOG) at a price of $1.50 each. At expiration, the stock price is at $39.75. Calculate the intrinsic value per-share of the options. ($4.25) 0 $1.25 $2.75 ($2.75)

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