You wish to build a synthetic long call for Microsoft stock with a strike price of $$40\mathrm{.}00$ and an expiration of March. Microsoft stock currently sells for $$40.$ The March $40$ call for MSFT has a premium of $$1\mathrm{.}25,$ while the March $40$ put for MSFT has a premium of $$3\mathrm{.}75.$

What will be the value of your position if at expiration Microsoft stock is selling for $$45\mathrm{.}00?$ Assume one contract on the option. Enter loss as a negative number.