28. Look at the following information. (Consider both call and put spreads) Bid Ask X Security Qty Invesco QQQ Trust ETF $399.61 $399.63 QQQ 14 JAN 2022 405 CALL $0.44 $0.45 QQQ 14 JAN 2022 410 CALL $0.07 $0.10 QQQ 14 JAN 2022 415 CALL $0.01 $0.04 QQQ 14 JAN 2022 390 PUT $0.35 $0.36 QQQ 14 JAN 2022 385 PUT $0.17 $0.19 QQQ 14 JAN 2022 380 PUT $0.10 $0.12 a. If you decide to enter into 10 long butterfly spread, how would it be structured, and what would the potential profit or loss be? b. What is the spread's profit-to-loss ratio? c. How much margin (buying power) does this position require? d. What are the breakeven points? e. If there is a 90% chance that the stock's value will fall outside the breakeven points for the spread, what is the expected return