Which One of the Following Is True for an Investor

Multiple Choice

Which one of the following is true for an investor who purchased a share of stock for $45 and purchased a put option on the stock with an exercise price of $45?

A) The investor profits when the stock decreases in value.
B) The minimum payoff on the position is $45.
C) The investor is protected against upside potential.
D) Increases in the value of the stock will go to the seller of the put.