Consider the following investment strategy involving put options on a stock with the same expiration date.

(i) Buy one 25-strike put

(ii) Sell two 30-strike puts

(iii) Buy one 35-strike put

Calculate the payoffs of this strategy assuming stock prices (i.e., at the time the put options expire) of 27 and 37, respectively.

(A) –2 and 2

(B) 0 and 0

(C) 2 and 0

(D) 2 and 2

(E) 14 and 0