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This morning, you put a European protective put strategy in place when the cost of ABC stock was $29.15 per share and the 1-year $30

This morning, you put a European protective put strategy in place when the cost of ABC stock was $29.15 per share and the 1-year $30 ABC put was priced at $1.05 per share. How much profit or loss per share will you earn from this strategy if the stock is worth $28 a share on the put expiration date?

A) $2.2 B) $1.05 C) $.20 D) $1.15 E) $4.20

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