$2.(22$ pts$)$ You buy a put option with a strike price of $$35$ and sell a put on the same stock with the same expiration date at a strike price of $$38.$

a$)$ Is your net premium positive or negative? How do you know?

b$)$ Draw or describe the payoff and profit graphs for this strategy at the expiration date.

c$)$ Is this a bullish or bearish strategy? Briefly explain.