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Johanna places a combination trade as follows: she buys one share of Van Houtte long for $10.60 and at the same time she buys a
Johanna places a combination trade as follows: she buys one share of Van Houtte long for $10.60 and at the same time she buys a call on Van Houtte that has an exercise price of $11.60 and a premium of $1.75. What is the combined profit or loss on the TWO trades if at the time of expiration of the call option Van Houtte is trading at $8.20 per share? Assume that she gets out of her long position at the same time her option expires. ant route that has an exercise price Place your answer with dollars and cents without a dollar sign. Enter negative answers with a "minus" sign. For example, if your answer is negative two dollars and seventy five cents, then enter -2.75. nts, you with dollars and cents v
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