Question: At time zero, you enter in a long position in a put of strike K-5.50, and maturity of 3 year. The premium of the option
At time zero, you enter in a long position in a put of strike K-5.50, and maturity of 3 year. The premium of the option at time zero was $0.87. At maturity, the price of the underlying is 9.43. What is the profit/loss per option? (Enter your answer in dollars with 2 decimals, but do not use the "$". Enter a loss with a negative sign. For example, if the profit/loss is -123.45, enter-123.45 with the negative sign for your answer.)
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