Question: 2 . This is the same as the last question but using puts rather than calls. Specifically, consider the following payoff diagram on some underlying

2. This is the same as the last question but using puts rather than calls. Specifically, consider the following payoff diagram on some underlying stock you can trade in the spot market. You can also trade European put options on the given stock, as well as a risk-free discount bond of face value $100. What portfolio in these contracts replicates the given payoff diagram? For each position, specify the number of contracts, long or short, and for options specify the strike. You are not allowed to use call options.

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