You write a put on Kane with an exercise price of $3.50 and a premium of $1.25. At the same time you buy a call on Kane with an exercise price also at $3.50 and a premium of $1.25. Calculate the profit or loss on both positions simultaneously if just prior to option expiration Kane's stock price is $3.00. a. ($0.50) b. ($1.25) c. $0.0 O d. ($1.75) e. ($0.75)