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Betty and Bob buy 2 October 50 Calls @$5 per share quoted price and buy 3 October 55 Puts @$4 per share quoted price. Find

  1. Betty and Bob buy 2 October 50 Calls @$5 per share quoted price and buy 3 October 55 Puts @$4 per share quoted price. Find the profit and loss (P&L) in Total Dollars if at expiration the price of the stock is
  1. $49 per share A. profit B. loss __________
  2. $53 per share A. profit B. loss ___________
  3. $64 per share A. profit B. loss ___________

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