Purchasing Put Options A put option on Iowa stock specifies an exercise price of $71. Today, the stock's price is $68.
The premium on the put option is $8. Assume the option will not be exercised until maturity, if at all.
Complete the following table for a speculator who purchases the put option (and currently does not own the stock):
![1023_Table 2.jpg](https://secure.tutorsglobe.com/CMSImages/1023_Table 2.jpg)