1.)You bought a put option on a stock with a strike price of $5. Suppose that the stock is currently traded at $6 per sh

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1.)You bought a put option on a stock with a strike price of $5. Suppose that the stock is currently traded at $6 per share, what is the payoff your put option position?
a. $5
b. $1
c. -$1
d. $0
e. $4
2.)Given ten historical returns: [-15%, -13%, -10%, -5%, -3%, 1%, 4%, 7%, 11%, 20%], what is the 20% value at risk (VaR) under the empirical distribution?
a. -10%
b. -13%
c. -15%
d. -14%
e. 11%
please explain choice or no likes thanks!