JQ Investor has 9,000 of DuPont currently valued at $56. He sets up a collar at $49 with a premium of $2.92, and $63 with a premium of $4.61. When the collar expires the stock is trading at $58.80

JQ buys _______ puts

and writes _______ calls.

The impact to the portfolio of this collar at the time it is put in place is $__________

The value of the portfolio at the close on the day the collar expires is $__________

Correct answers:

90 puts, 57 calls, -3.00, 529,127.00

Please tell me how to get to these solutions. Thank you!