3. Design a portfolio using only puts where the profit line has slope 0 from price $0 to $80, slope 1 from price $80 to $90, slope 0 from price $90 to $110, slope 2 from price $110 to $120, and slope 0 from price $120 to infinity.

Draw the profit curve for P ort = P70 2P80 + P90 + 2C110 3C120 + C130. Shift slightly for cost.

3. Design a portfolio using only puts where the profit line has slope 0 from price $0 to $80, slope 1 from price $80 to $90, slope 0 from price $90 to $110, slope 2 from price $110 to $120, and slope 0 from price $120 to infinity. Draw the profit curve for Port = P70 - 2P80 + P90 +2C110 - 3C120+C130. Shift slightly for cost. 3. Design a portfolio using only puts where the profit line has slope 0 from price $0 to $80, slope 1 from price $80 to $90, slope 0 from price $90 to $110, slope 2 from price $110 to $120, and slope 0 from price $120 to infinity. Draw the profit curve for Port = P70 - 2P80 + P90 +2C110 - 3C120+C130. Shift slightly for cost