Option Strike Price $	Call Option Price $	Put Option Price $
45	10.00	1.00
50	5.00	2.00
55	1.50	3.00
60	1.00	7.50

Using the quotes from the table above, an investor makes the following transactions:

(1) buys the stock at $55, and

(2) buys the December put option with a strike price of $45.

If the stock is selling for $62 per share, when the options expire, the profit from the trades is closest to a: .

Multiple Choice

• $3.00 loss per share.

• $3.00 loss per share.

• $4.00 gain per share.

• $10.00 gain per share.

• $11.00 loss per share.

• $17.00 gain per share.