$2.$ Shirley buys $1,000$ ANZ shares at a price of $$8\mathrm{.}47$ and decides to construct a hedge using an equal number of call options with an exercise price of $$7\mathrm{.}50,$ and a cost of $$1\mathrm{.}00$ per option. Ignoring the time difference between the purchase or sale of the option and its expiry:

$.$i$)$ construct a clearly labelled diagram showing the expiry profit as a function of share$-$price, from the hedged position.

ii$)$ calculate the profit for the expiry share$-$prices of $$8\mathrm{.}00$ and $$8\mathrm{.}75.$