Suppose you believe that Delva Corporationsstock price is going to decline from

Suppose you believe that Delva Corporationsstock price is going to decline from its current level of$82.50sometimeduring the next 5 months. For $510.25 you could buy a 5-monthput optiongiving you the right to sell 100 shares at a price of $85 pershare. Ifyou bought this option for $510.25 and Delvas stock price actuallydropped to$60 what would your pre-tax net profit be?