On October 31, the following options on Apparel Group stock, all expiring in December t

On October 31, the following options on Apparel Group stock, all expiring in December t

On October 31, the following options on Apparel Group stock, all expiring in December the same year, sold for the following prices:

Options         Exercise Price                   Option Premium

Call               $45                                    $7.90

Put               $50                                    $1.25

Call               $55                                    $1.70

         

You buy one call (one contract is 100 shares) with $45 exercise price, buy two puts with $50 exercise price, sell one call with $55 exercise price.

     What is your net profit (loss) if Apollo Group stock price is $48 at expiration?
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