1. Mr.Yu is buying 100 shares of Selender stock which is trading at 100$ per share. Simultaneously he buys a put on 100 Selender shares with strike 90 which has a premium of 2 $ per share and sells a call on 100 shares with strike 105, which has a premium of 3$. He net receives 1$ per share, for a total received of 100$.

a. What are the best and worst case profits/losses and at what stock prices do they occur?

b. What is the break-even stock price?