You long one European call option with strike price $$40$ and short one European put option

with strike price $$37.$ The put and call are on the same stock and have the same time to

maturity. The price of the European call is $$3$ and the price of the European put is $$1\mathrm{.}5.$ The

current stock price is $$39.$ At the option expiration date, the stock closes at $$38.$ What are

your TOTAL payoff and profits from the two option positions?