Liz buys one share of Koca-Loka long for $10.90 and at the same time she buys a call on Koca-Loka that has an exercise price of $11.90 and a premium of $1.75. What is the combined profit or loss on the covered call if at the time of expiration Koca-Loka is trading at $8.30 per share? Assume that she gets out of her long position at the same time her option expires.