QUESTION 2. [ 3 points] 1. Consider the case of European IBM call and put options that have exercise price of \\( \\$ 110 \\) and expire in two months. The price of the call is \\( \\$ 3 \\), and the price of the put is \\( \\$ 10 \\). Assume IBM is expected to pay no dividend in the next two months. Suppose also that the current price of IBM stock is \\( \\$ 95 \\). 2-1. Based on put-call parity, construct portfolio B equal to Portfolio A. Specify the strategy, maturity and face-value. Portfolio B = 2-2. What is the cost of Portfolio A \\& B today? What is the payoff of Portfolio A at the maturity? Bond-equivalent yield on a two-month T-bill is \10 nonannualized