Question: You simultaneously write a covered put and buy a protective call, both with strike prices of $40, on stock that you have shorted at $40.

You simultaneously write a covered put and buy a protective call, both with strike prices of $40, on stock that you have shorted at $40. What are the expiration date payoffs to this position for stock prices of $30, $35, $40, $45, and $50? (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Stock Price Short Profit Short Put Payoff Protective Call Payoff Total Payoff
$30 $ $ $ $
$35 $ $ $ $
$40 $ $ $ $
$45 $ $ $ $
$50 $ $ $ $

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