A one-year call option on a stock with strike price of $45 costs $5 and a one-year put option on a stock with strike price of $35 costs $3. Suppose that a trader short two put options and short one call option.
a. What is the breakeven stock price, above which the trader makes a profit?
b. What is the breakeven stock price, below which the trader makes a profit?
Please show work and explain in detail