Question 3 (Straddle): Consider the following options position a long position in a call on a stock with a strike X = $30 and price $4; and a long position in a put on the same stock with strike X = $30 and price $4. a) (10 points) Find the payoff if the stock price at expiration date turns out to be St = $40 including the initial cost and gain. b) (10 points) Find the payoff if the stock price at expiration date turns out to be ST = $20 including the initial cost and gain. c) (15 points) Find the payoff as a general function of the stock price at expiration date St including the initial cost and gain