You purchased a put option on wxx stock with a strike price, Financial Management

You purchased a put option on wxx stock with a strike price

Three months ago, you purchased a put option on WXX stock with a strike price of exist60 and an option price of exist.60. The option expires today when the value of WXX stock is exist62.50. Ignoring trading costs and taxes:

a. What is your total profit or loss on your investment?

b. Using a free hand graph, graphically present the profit/loss position above.

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Financial Management: You purchased a put option on wxx stock with a strike price

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Financial Management: You purchased a put option on wxx stock with a strike price

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