ANSWER NUMBER $5$ In a collar trading strategy, the strike price of the put is $$45,$ and the strike price of the call is $$75.$ The put and call premiums are $$1\mathrm{.}50$ and $$2\mathrm{.}50,$ respectively. If the stock price at the maturity of the options is $$80,$ what is the profit from the strategy?

A$.$ Loss of $$4$

B$.$ Loss of $$5$

C$.$ Loss of $$6$

D$.$ Gain of $$1$

E$.$ Gain of $$2$

$=-80+75+2\mathrm{.}5-1\mathrm{.}5=-4$$

For the above problem, if the stock price is at the maturity of options is $$40,$ what is the profit from the strategy?

A$.$ Loss of $$4$

B$.$ Loss of $$5$

C$.$ Loss of $$4$

D$.$ Gain of $$5$

E$.$ Gain of $$6$