Question: anyone know how to do it? thanks Question 14 (5 points) You hold 100 shares of GALC stock and have placed a protective put by

anyone know how to do it? thanks Question 14 (5 points)

anyone know how to do it? thanks

Question 14 (5 points) You hold 100 shares of GALC stock and have placed a protective put by purchasing puts with a strike price of $80 and a premium of $3 per put. Assuming you purchased the shares of stock for $100 and at expiration the shares were trading at $103, how much TOTAL profit did you earn on the combined position? $0 $300 -$300

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