You have purchased a put option on Teledoc common stock. The option has an exercise price of $77 and Teledoc's stock currently trades at $78.18. The option premium is $1.29 per contract. One option equals 100 shares of the underlying stock. a. Calculate your net profit on the option if Teledoc's stock price falls to $75 and you exercise the option. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.) b. Calculate your net profit on the option if Teledoc's stock price does not change over the life of the option. (Negative amount should be indicated by a minus sign.)