A non-dividend paying stock X is trading at $110.Call options for 3 years maturity on the non-dividend paying stock X at a strike price of $104 and $125 cost $25 and $20 respectively.An investor decides to enter in a bear spread position for this stock for 3 years. Calculate undiscounted profit or loss of the investor at the end of the maturity if the terminal spot price of stock X turns out to be $115.