You write a put on Kane with an exercise price of $3.50 and a premium of $1.75. At the same time you buy a call on Kane with an exercise price also at $3.50 and a premium of $1.25. Calculate the profit or loss on both positions simultaneously if just prior to option expiration Kanes stock price is $3.00.

	a.	$0.00
	b.	($0.75)
	c.	($1.25)
	d.	($1.75)
	e.	($0.50)