Problem 6. (20 points total) In this problem, you will learn different investment strategies using options. You will use K as the strike price and Sr as the price of the underlying stock at the time of the option's maturity T. For each cases, graph how the payoff (not net profit) at T depends on Sr. That is, have the payoff of the investment strategy on the y-axis and Sr on the x-axis value. For full credit, you nee to plot the payoff of each of the components that make up the investment strategy and then the combined total. (Refer to the Lecture Note where Protective Put was discussed and it should be clear what you are supposed to do.) Problem. (a) (5 points) Covered Call Long in stock + short in call option Problem. (b) (5 points) Gut: Long position in a put option with strike price of Ki+ long position in a call option with strike price of K2, where Ki