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this question has already been answered but is incorrect, can u please show how you got the answer? You have purchased a put option on

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this question has already been answered but is incorrect, can u please show how you got the answer?

You have purchased a put option on Kimberly Clark common stock. The option has an exercise price of $95.00 and Kimberly Clark's stock currently trades at $96.18. The option premium is $1.25 per contract. Assume that 100 shares are traded. a. Calculate your net profit on the option if Kimberly Clark's stock price falls to $93.00 and you exercise the option. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.) b. Calculate your net profit on the option if Kimberly Clark's stock price does not change over the life of the option. (Negative amount should be indicated by a minus sign.) Answer is complete but not entirely correct. a $ 1 x Net profit Net profit b. $ 1 x

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