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The market price of Jasper, Inc. is quite volatile and uncertainty concerning some merger activity is expected to keep the stock price volatile for the

The market price of Jasper, Inc. is quite volatile and uncertainty concerning some merger activity is expected to keep the stock price volatile for the next few weeks. Given this situation, you decide to buy both a one-month put and a one-month call option on this stock with an exercise price of $42.50. You purchased the call at a quoted price of $.45 and the put at a price of $2.25. What will be your total profit or loss on this investment if the stock price is $34.50 on the day the options expire?

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