Problem 28-06 The price of a stock is $24. A put option to sell that stock at $26 is currently selling for $3. You buy the stock and the put. Complete the following table and answer the questions. Round your answers to the nearest dollar. Use a minus sign to enter negative values, if any. If the answer is zero, enter "O". Profit on stock Profit on put Net profit $ $ $ Price of the stock $20 23 26 29 $ $ $ $ $ $ $ $ $ 32 $ $ $ 38 $ $ $ a. What is the maximum possible profit on the position? The maximum possible profit is -Select- v. b. What is the maximum possible loss on the position? Enter your answer as a positive value. $ c. What is the range of stock prices that generates a profit? The position generates a profit as long as the price of the stock exceeds $ d. What advantage does this position offer? Enter your answer as a positive value. Round your answer to the nearest dollar. The investor limits the -Select- to -Select- Problem 28-06 The price of a stock is $24. A put option to sell that stock at $26 is currently selling for $3. You buy the stock and the put. Complete the following table and answer the questions. Round your answers to the nearest dollar. Use a minus sign to enter negative values, if any. If the answer is zero, enter "O". Profit on stock Profit on put Net profit $ $ $ Price of the stock $20 23 26 29 $ $ $ $ $ $ $ $ $ 32 $ $ $ 38 $ $ $ a. What is the maximum possible profit on the position? The maximum possible profit is -Select- v. b. What is the maximum possible loss on the position? Enter your answer as a positive value. $ c. What is the range of stock prices that generates a profit? The position generates a profit as long as the price of the stock exceeds $ d. What advantage does this position offer? Enter your answer as a positive value. Round your answer to the nearest dollar. The investor limits the -Select- to -Select