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

OptionsExercise PriceOption 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?