You have purchased a put option on Kimberly Clark common stock. The option has an exercise price of $66 and Kimberly Clarks stock currently trades at $67.18. The option premium is $1.26 per contract. One option equals 100 shares of the underlying stock. a, If Kimberly Clarks stock price falls to $64, would you exercise the option? Calculate your net profit/loss on the option if you exercise the option. b, If Kimberly Clarks stock price does not change over the life of the option, would you exercise the option? Calculate your net profit/loss on the option if you exercise the option.