2. Use the options prices in the Table on Page 1. Suppose an investor expects the stock price to remain at about $50 and decides to execute a butterfly spread using the June calls. a. How would the investor carry out the butterfly spread? What will be the cost? (5 points) b. Draw the payoff diagram of the butterfly spread, including the payoff diagrams for all component options. What are the BEPs? (15 points) c. What will be the profit if the stock price at expiration is $52.502 (5 points)