3) An investor buys 100 shares of Abbott Labs at $85 and buys one $75 put on Abbott for $2. a) (4 points) If Abbott goes to zero, what is the profit or loss on these positions? b) (3 points) If Abbott goes to $100 on the option expiration date, what is the investor's dollar gain or loss on these positions? c) (2 points) What option strategy would the investor take if he did not want to pay for the put? What is the disadvantage of this strategy? 4) Investment company alternatives. a) (4 points) From the perspective of an investor, list two advantages of ETFs over mutual funds. b) (3 points) List two benefits that investment companies and mutual funds provide to the public? C) dentify one disadva ed-end funds compared to mutual funds and ETFs