You have purchased a put option on Kimberly Clark common stock. The option has an exercise price of $70 and Kimberly Clark's stock currently trades at $71.18. The option premium is $1.29 per contract. Assume that 100 shares are traded. a. Calculate your net profit on the option if Kimberly Clark's stock price falls to $68 and you exercise the option. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.) %24 54 Net profit b. Calculate your net profit on the option if Kimberly Clark's stock price does not change over the life of the option. (Negative amount should be indicated by a minus sign.) Net profit -146 MacBook Air esc F2 F3 F4 2$ &