Suppose you purchase (long) a call option that expires in December with an exercise price of 40. You pay a premium of 8 for the call.

You simultaneously sell (short) a put option that expires in December with and exercise price of 40. You collect a premium of 5 for the put.

Create a table showing the profits of the combination for stock prices (at expiration) from 30 to 50 in increments of 5.

Graph the combination profit vs. stock price at expiration.