An investor buys a stock for $36. At the same time a six-month put option to sell the stock for $35 is selling for $2. a) What is the profit or loss from purchasing the stock if the price of the stock is $30. $35, or $40? b) If the investor also purchases the put (i.e., constructs a protective put), what is the combined cash outflow? c) If the investor constructs the protective put, what is the profit or loss if the price of the stock is $30, $35, or $40 at the put's expiration? At what price of the stock does the investor break even? d) What is the maximum potential loss and maximum potential profit from this pro- tective put? e) If, after six months, the price of the stock is $37, what is the investor's maximum possible loss?