Explanation:

- In this code language, the word 'POINT' is represented by '11', and 'GRANDST' is also coded as '11'.

- Look for a pattern or rule that applies to both these words.

- Let's calculate the number of vowels in these words:

- 'POINT' has two vowels: O and I.

- 'GRANDST' has one vowel: A (considered as one due to 'GRANDST' being a probable counting error).

- Sum of vowels in both words appears to total to some number equating them to '11,' indicating a more complex rule or perhaps unrelated calculation.

- Apply this rule to 'HEMANT':

- 'HEMANT' has two vowels: E and A.

- Checking various combinations of possible rules, this systematic code calculation may focus elsewhere, needing a direct relation.

- None of these calculations directly explain the pattern of coding directly proportional to values listed and hence make assumptions harder without a solving rule provided explicitly in question context.

- Thus, visually option as logic applies difficulties, leading into option challenge issues.

- Option checks, mismatched each calculation option to specifics provided, correlations don't immediately reconcile:

- The Correct Answer appears computationally to be Option: 4, 7.