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Kira Norice, a private investor, expects Sisco stock to decrease from its current price of $96...

Kira Norice, a private investor, expects Sisco stock to decrease from its current price of $96 per share. Thus, Norice purchases a put option on Sisco stock with an exercise price of $93 for a premium of $3 per share. Just before the expiration date, Sisco stock rises to $97. Norice's profit, assuming she prefers more money to less, is $________ per share. a. -4 b. -3 c. -9 d. -1 e. None of these choices are correct.

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