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2. Refer to the profit diagram of the protective put shown below. Which of the following statements are true? (Select all that apply. A. The

image text in transcribed 2. Refer to the profit diagram of the protective put shown below. Which of the following statements are true? (Select all that apply. A. The maximum payoff to the protective put strategy is $40. B. The cost of the put to implement this strategy was $10. C. The red line intersects the y-axis at a value of $50. D. The purple line intersects the y-axis at a value of $40. E. To create this strategy, the investor purchased a call option with a strike price of $50

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