TYPE OUT answer please and show all work. Do not use excel or write it by hand.Type out formula when possible.

Protective Put

Buy 1000 ABC $50

Long 10 ABC May 45 put $4

1. Debit/Credit
2. What is the max profit?
3. What is max loss
4. What is the breakeven point?
5. Profit/Loss at $45/$75/$25/$40/

2. Please say if its in/out the money and WHY

3. Explain If I have a stock Position and how many stocks are bought or sold.