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3. a).Design a portfolio using only puts where the profit line has slope 0 from price $0 to $80, slope1 from price $80 to $90,

3. a).Design a portfolio using only puts where the profit line has slope 0 from price $0 to $80, slope1 from price $80 to $90, slope 0 from price $90 to $110, slope 2 from price $110 to $120, and slope 0 from price $120 to infinity. b). Draw the profit curve for Port= P702P80+P90+2C1103C120+C130. Shifts lightly for cost.

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