1. Draw the payoff diagrams below labeling the axis with the correct profit or loss amounts. a. Purchase of Microsoft common stock or take long stock position at $79 b. Long put position on Microsoft stock valued at $2 with a strike price of $75 c. Draw the synthetic option using information from parts a and b. d. Take a short stock position using Microsoft at $79 e. Long call position on Microsoft stock valued at $3 with a strike price of $90 f. Draw the synthetic option using information from parts d and e