Johanna places a combination trade as follows: she buys one share of Van Houtte long for $10.40 and at the same time she buys a call on Van Houtte that has an exercise price of $11.40 and a premium of $1.85. 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 $8.60 per share? Assume that she gets out of her long position at the same time her option expires. $ 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. Option Quotations for China Doll (CD) Corporation are listed as follows: ..CALL.........PUT Closing.....Strike....EXP...Premium....Premium 10.48. 12.40......Jul........0.2500. .2.320 10.48. .12.40...... Sep......0.4000. .2.470 10.48. .12.90......Aug......0.5000.. .3.120 10.48. .13.15......Oct.......0.7000.. ..3.570 10.48. 13.40......Jun....... 1.000... 4.020 "Closing" represents the closing price per share of CD on a particular trading day. PART 1: Is the Sep Call in-the-money or out-of-the-money? (answer with the word IN or the word OUT) PART 2: Is the Jun Put in-the-money or out-of-the-money? (answer with the word IN or the word OUT)