Modify Example 12.9 so that the portfolio now contains 100 shares of stock and one put option on the stock with the same parameters as in the example. You can assume that the price of an option is...

Modify Example 12.9 so that the portfolio now contains 100 shares of stock and one put option on the stock with the same parameters as in the example. You can assume that the price of an option is $81. Discuss in a brief memo how this portfolio differs from the portfolio in the example.

Example 12.9