You are given the following information for a stock: I. The current price of the stock is $50. II. The stock does not pay dividends. III. The continuously compounded risk-free interest rate is 8%. IV. A 9-month European put option on the stock has a price of $4.40. The current delta of the put option is 0.5701. A market-maker sells 500 put options and then delta-hedges the position. A day later, the price of the stock increased to $65 and the price of the put option decreased to $3.60. Calculate the overnight prot of the marketmaker. 9 4,679 3,879