Question: 1.BearSpread Using PutsThere are two put options with different strike prices,1(1=10,=1)=2and2(2=15,=1)=5 . oou can construct a Bear Spread Strategybylonging2and shorting1. Please plot the payoff of

1.BearSpread Using PutsThere are two put options with different strike prices,1(1=10,=1)=2and2(2=15,=1)=5 . oou can construct a Bear Spread Strategybylonging2and shorting1. Please plot the payoff of this Bear Spread Strategybetween the underlying price from 5 to 25 (Including two payoff lines for puts, and one payoff line for their combinations. Please point outthe breakeven point.)

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