1.Which of the following statements is/are true?

i.You created a strip with a strike price of $50 and the premium of call is $1.25 and the premium of the put is $0.75. If the stock price at the maturity of the option is $40.50, then the profit is $8.50

ii.You created a strap with a strike price of $50 and the premium of call is $1.25 and the premium of the put is $0.75. If the stock price at the maturity of the option is $55, then the profit is $6.75.

A.i only

B.ii only

C.Both i and ii

D.None of the above