1.Writing Put Options. A put option on Indiana stock specifies an exercise price of $23. Today the stock's price is $24. The premium on the put option is $3. Assume the option will not be exercised until maturity, if at all. Complete the following table: 5 MARKS

Assumed Stock Price at the TimeNet Profit or Loss per Share to Be Earned

the Put Option Is About to Expire by the Writer (Seller) of the Put Option

$20

$21

$22

$23

$24

$25

$26