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Three months ago, you paid $5.10 for a put option with an exercise price of $83.00 per share. Initially, the stocks price was $82.50, but

Three months ago, you paid $5.10 for a put option with an exercise price of $83.00 per share. Initially, the stocks price was $82.50, but fell to $63.00 by the expiry date. Your profit was:

Select one:

a. $19.50

b. $14.40

c. $14.90

d. $24.35

e. None of the above

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