The price of a stock is $28. A put option to sell that stock at $30 is currently selling for $4. You buy the stock and the put. Complete the following table and answer the questions. Round your answers to the nearest dollar. Use a minus sign to enter negative values, if any. If the answer is zero, enter "0".

	Price of the stock		Profit on stock	Profit on put	Net profit
	$18		$	$	$
	24		$	$	$
	30		$	$	$
	36		$	$	$
	42		$	$	$
	54		$	$	$

1. What is the maximum possible profit on the position?

   The maximum possible profit is .

2. What is the maximum possible loss on the position? Enter your answer as a positive value.

   $

3. What is the range of stock prices that generates a profit?

   The position generates a profit as long as the price of the stock exceeds $ .

4. What advantage does this position offer? Enter your answer as a positive value. Round your answer to the nearest dollar. .