Assume a Protective Put is being created using the following values:

The current stock price is $50.00, and any put or call is at a strike price equal to the current stock price.

The standard deviation of the stock's returns is 45%, and the T-Bill rate is 2.0%.

The time frame of the hedge is 2 years, and the company wants the total amount invested in stock and options to be as much as possible, up to $50,000.

What is the total profit if this hedge is bought, and the stock price goes up to $65.00?

What is the total profit if this hedge is bought, and the stock price goes up to $65.00?

Group of answer choices

A. - $9,025

B. $2,975

C. $12,000

D. $21,025

Please show work in excel.