She buys one share of Loca-Koka long for $10.10 and at the same time she buys a call on Loca-Koka that has an exercise price of $11.10 and a premium of $1.60. What is the combined profit or loss on the covered call if at the time of expiration Loca-Koka is trading at $8.80 per share? Assume that she gets out of her long position at the same time her option expires.