2. If a WTI 1-month 82 Call is trading at $7 and the underlying is trading at $86, what is the approximate value of the WTI 1-month 82 Put, assuming zero interest rates? (10%) Answer the following based on the option strategy shown below: Profit/ Loss 1 by 2 Put Ratio Spread Price of 100 Strike Put: $10 Price of 80 Strike Put: $2 100 Underlying 80 i) What are the strategy's break-even points at maturity? ii) What is the maximum profit and loss of the strategy at maturity? (20%)