You have bought 1 share of stock for $65.62 and 1 put option on the same stock. This portfolio is called a protective put. The option has an exercise price of $60, costs $2.29, and expires in 8 months.

a. What is your profit from buying the stock if the stock price is $20 in 8 months (in $)?

b. What is your profit from buying the option if the stock price is $50 in 8 months (in $)?

c. What is your total profit if the stock price is $100 in 8 months (in $)?

Can use the excel. thanks