Question: Suppose that both a call option and a put option have been written on a stock with an exercise price of $40. The current stock

Suppose that both a call option and a put option have been written on a stock with an exercise price of $40. The current stock price is $42, and the call and put premiums are $3 and $0.75, respectively. Calculate the profit to the long and short positions for both the put and the call with an expiration day stock price of $30 and with a price at expiration of $45.

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