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3. A put option is available with an exercise price of X 22. The premium on the option is Po-4. Plot the profit for the

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3. A put option is available with an exercise price of X 22. The premium on the option is Po-4. Plot the profit for the put buyer and put writer on the chart below. What is the breakeven stock price? Ending stock price (S) Call option profit if held to expiration (show calculations) 40 Plot the profit for the put buyer and put writer on the chart below. What is the breakeven stock price? Be sure to label each line. Put Profit vs Stock Price, if held to expiration 20 20 18 16 14 12 10 -2 -2 -6 -6 0 2 468 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 Ending Stock Price (S

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