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Problem 8: + Consider the following information on put and call options for company ABC Strike Price Put Price Call Price $32.50 $2.85 $1.65 a. Calculate the net value of a protective put position at a stock price at expiration of $20, and a stock price at expiration of $45. b. Calculate the net value of a covered call position at a stock price at expiration of $20, and a stock price at expiration of $45. c. Calculate the payoffs of a short straddle at a stock price at expiration of $20 and a stock price at expiration of $45. d. Calculate the payoffs of a long strap at a stock price at expiration of $20 and a stock price at expiration of $45. Problem 8: + Consider the following information on put and call options for company ABC Strike Price Put Price Call Price $32.50 $2.85 $1.65 a. Calculate the net value of a protective put position at a stock price at expiration of $20, and a stock price at expiration of $45. b. Calculate the net value of a covered call position at a stock price at expiration of $20, and a stock price at expiration of $45. c. Calculate the payoffs of a short straddle at a stock price at expiration of $20 and a stock price at expiration of $45. d. Calculate the payoffs of a long strap at a stock price at expiration of $20 and a stock price at expiration of $45