"An investor would like to protect his/her stocks of Bank of America. The investor owns 500 shares of Bank of America originally bought at $21 per share and bought five 20 puts, expiring in 3 months. The premium is $1.30 each. What is the dollar return if the stock price at expiration is $17, assuming that there are no transaction costs?" $650 loss $1 150 loss $1 500 loss $650 profit