Table 4: Information on the Put Option

Time Interval	Put Option Contract is March 2021 on XYZ Common stock	Put Option Exercise Price is $115	Put Option Premium	Stock Price
Beginning: Time 1			$2.50	$118
Ending: Time 2			$10.50	$112.50

4.A. If you buy this put option in Time 1, how much will you have to pay for it?

4.B. If you sell this put option in time 2, how much will you get from it.

4.C. If instead of selling this put option in Time 2, you exercise it, what will be the result?

4.D. If instead of selling this put option in Time 2, you exercise it, will you gain or lose? Show your answer by calculations.