QUESTION $3$

$S=48,x=50,C=$$$4,P=$$$3$

If an investor originally bought the underlying asset for $$50,$ the loss would be $$2.$ If a put option was also purchased, the loss will be

$$ a$.-$$$2$

b$.-$$$5$

c$.$ $$0$

d$.$ $$1$

$$ e$.-$$$3$