5 6 = a} b) c) A-call option with a strike price of $12.5 costs $0.8. A put option with a strike price of $11 costs $1. a) Explain how a strangle can be created from these two options. (2 points) b) Graph the payolf to the Strangle. (4 points) c) Construct a table showing how profit varies with stock price for the Strangle. (4 points) A.call with a strike price of $15 costs $1.6. A put with the same strike price and expiration date costs $1.3. Explain how a straddle can be created from these two options. (2 points) Graph the payoff to the Straddle. (4 points) Construct a table showing how profit varies with stock price for the Straddle. (4 points)