2. The market price for Waste Management, Inc. (Ticker: WM) was $156.27 when Mary sold a put option today. The put premium is $4.70 and the exercise price is $145. The option will be expired on Jan. 20, 2024. (10 points)

a. Draw the contingency graph for Mary. Label x axis, y axis, each point/interaction on the graph. a. What is the break-even point for Mary?

b. What are Marys maximum profit and maximum loss?

c. Show the profit/loss for Mary if, at the expiration date, the WM price is (1) $95, (2) $142, and (3) $210.