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When ABC was trading at $52 per share, you paid $4.20 for a put option (for one share) on the stock of ABC with a
When ABC was trading at $52 per share, you paid $4.20 for a put option (for one share) on the stock of ABC with a strike price of $50, and six months until maturity. After six months, the share price of ABC is $54.10. A) What is the value of the put option at expiration? Do not include the $ sign and answer to the nearest $0.01. $ B) What is your profit or loss? Losses should be entered as negative numbers. Do not include the $ sign and answer to the nearest $0.01.
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