The price of a stock is $30. A put option to sell that stock at $31 is currently selling for $2. 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
	$19		$	$	$
	25		$	$	$
	31		$	$	$
	37		$	$	$
	43		$	$	$
	55		$	$	$

What is the maximum possible profit on the position?

The maximum possible profit is (unlimited,$10,$23,$25)

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

$

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 $ .

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

The investor limits the (net profit or net loss) to (not more than or Not less than) .