1. (10 points) The price of a stock is $60. The price of a one-year European put option on the stock with a strike price of $45 is quoted as $8 and the price of a one-year Furopean call option on the stock with a strike price of $75 is quoted as $5. Suppose that an investor buys 50 shares, shorts 100 puts options, and buys 100 call options. Draw a diagram illustrating how the investor's profit or loss varies with the stock price over the next year. S=$60Thecostatt=0