Hunter has purchased put options on 1000 shares of Alphabet Inc.stock with a striking price of $270 per share.The option premium was $6.00 per share.
a.Calculate Hunter's profit or loss if the market value of Alphabet Inc.'s stock is $280 at expiration.
b.Calculate Hunter's profit or loss if the market value of Alphabet Inc.'s stock is $260 at expiration.
c.Calculate Hunter's profit or loss if the market value of Alphabet Inc.'s stock is $272 at expiration.
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