Nine months ago, the price of a share of Graco $($GGG$)$ stock was $$90,$ the price of a

nine$-$month European put option on the GGG stock with a strike price of $$85$ was

$$7\mathrm{.}5,$ and the price of a nine$-$month European call option on the GG stock with a

strike price of $$110$ was $$24.$ Suppose that an investor bought $100$ shares, shorted

$100$ call options, and bought $100$ put options at that time. Now, at expiration, the price of a share

of GGG stock is $$120.$ The risk$-$free rate is $5\%$ EAR. Calculate the investor's payoff at

expiration, as well as his profit$/$loss$.$ Hint: calculate the payoff for each position and then

calculate the total payoff