Time 1 is at 1 year. Please find both payoff AND profit.

Price of stock of company X at time 0 is 200 ; Annual effective interest is at rate 5% ; European Call and Put option premiums for strike prices are given by the following table; Assume that the stock pays no dividends. Strike Call Put 150 64.6 7.5 170 51.6 13.5 1. the payoff and profit at time 1 of a bull spread: a purchased call with strike price 150 and a written call with strike price 170 2. Determine the payoff and profit at time 1 of a bear spread: a written call with strike 150 and a purchased call with strike price 170. 3. Using put options, construct a bull spread with the same profit as in part 1 4. Construct a box spread that has a certain payoff of 40 at time 1. Price of stock of company X at time 0 is 200 ; Annual effective interest is at rate 5% ; European Call and Put option premiums for strike prices are given by the following table; Assume that the stock pays no dividends. Strike Call Put 150 64.6 7.5 170 51.6 13.5 1. the payoff and profit at time 1 of a bull spread: a purchased call with strike price 150 and a written call with strike price 170 2. Determine the payoff and profit at time 1 of a bear spread: a written call with strike 150 and a purchased call with strike price 170. 3. Using put options, construct a bull spread with the same profit as in part 1 4. Construct a box spread that has a certain payoff of 40 at time 1