Suppose that an investor buys a 100-share put option for $150. It has an exercise price of $38 and the underlying price per share of the stock at expiration is $39. What is the investor's amount of...

Suppose that an investor buys a 100-share put option for $150.  It has an exercise price of $38 and the underlying price per share of the stock at expiration is $39.
What is the investor's amount of profit or loss, ignoring brokerage fees?

and

A firm is in need of $2 million in new long-term financing. The firm is trying to decide whether to sell common stock or a convertible bond. The market price of the common stock at present is $42 per share. In order to sell this new issue, the stock has to be underpriced by $2 and sold for $40 per share. Currently the firm has 300,000 shares of common stock outstanding. The firm could also issue 20-year, 10 percent, and $1,000 par-value convertible bonds. They would set the conversion price at $50 per share, and the bond could be sold at par. The earnings for the firm should be $500,000 in the coming year.
If the firm chooses the sale of common stock, what will the earnings per share in the coming year be?