You would like to be holding a protective put position on the stock of XYZ Company to lock in a guaranteed minimum value of $250 al year-end. XYZ currently sells for $250. Over the next year, the stock price will either increase by 10% or decrease by 10%. The T-bill rate is 5%. Unfortunately no put options are traded on XYZ Company Required: a. How much would it cost to purchase if the desired put option were traded? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Cost to purchase S 11.01 X b. What would be the cost of the protective put portfolio? (Do not round intermediate calculations, Round your answer to 2 decimal places.) Answer is complete but not entirely correct. 261 91 X Cost of the protective put portfolio

rate is 58 . Unifortunately no put optons are tisded on x rz Company Required: a. How much would it cost to purchase if the desired put option were traded? (Do not round intermediate calculotions Round your onswerto 2 decimal places.) ploces)