A put on XYZ stock with a strike price of $40 is priced a t $2.00 per share, while a call with a strike price of $40 is priced at $3 .50. What is the maximum per-share loss to the writer of the uncovered put and the maximum per-share gain to the writer of the un covered call?

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i. ii. iii. iv. Maximum Loss to Put Writer $38.00 $38.00 $40.00 $40.00 Maximum Gain to Call Writer $3.50 $36.50 $ 3.50 $40.00