11. (3 points; partial credit given) You purchase a European call option with a strike price of $16. The option matures in July 2020. At the same time, you purchase a European put option with a strike price of $14. The option matures in July 2020. What does the joint payoff look like? (This strategy is known as a "Long Strangle.") Tell me where the diagram hits the "payoff-axis