An investor buys a collared stock. The current price of the stock is 200. The collar has strike prices 200 and 210 and is zero-cost. The collar expires in 6 months. The stock pays a dividend of 1 every 3 months. The next dividend is payable in 1 month. The annual effective risk-free interest rate is 4%. Let be the price of the stock at the end of 6 months. Determine the range of for which the collared stock generates a positive loss. (A)