1.The current price of a non-dividend paying stock is $50. The price of a call on this stock with a strike price of $45 and 6 months to maturity is $8.50. The interest rate is 10% per annum compounded continuously. You created a protective put on this stock with the strike price of the put being $45. If the stock price at the maturity is $30, what is the profit on the protective put strategy?

A.-$6.30

B.-$5.60

C.-$4.90

D.-$3.70

E.The information provided is insufficient to answer the question.

Why is the answer (-6.30)? Please read the question before flagging it!