3. Suppose you hold LLL employee stock options representing options to buy 10,400 shares of LLL stock. LLL accountants estimated the value of these options using the Black- Scholes-Merton formula and the following assumptions: S = current stock price = $24.67 K = option strike price = $25 r=risk-free interest rate= .042 o = stock volatility = 32 T = time to expiration=3.5 years You wish to hedge your position by buying put options with three-month expirations and a $30 strike price. How many put option contracts are required