Suppose that you sell CDT short at $23 and at the same time you write a cal option on CDT with a strike price of $22 and a premium of $2. What is the combined profit or loss on the two poeitions together if just prior to expiration of the call option the price of COT is $23? Assune that you cover your short position (meaning you get rid of the short position) just prior to the time of option expiration. a $o b. $1 d. ($2) QUESTION 5 You buay a put option on a stock for a premium of $1. The exercise price is $10.00. What is the option's profit or lossif just prior to expiration the stock price is $9.007 Oa($1.00) b.$1.00 Od. $0.50 QUESTION 6 You write a put on Kane with an exercise price of $3.50 and a premium of $1.75. At the same time you buy a call on Kane with an exercise price also at $3.50 and a premium of $1.25. Caloulate the profit or loss on both positions simultaneously if just prior to option expiration Kane's stock price is $3.00 a. ($1.25) b.($0.50) c.($0.75) Od. $0.00 e ($1.75)