3. Draw the financially settled payoff diagram net of premium for each of the following structures. Indicate the breakeven after premium, the maximum gain after premium, and maximum loss after premium for each one. I find it helps to make the table of the payoffs first. You do not need to use Excel, but you might find it helpful. I answered the first one as an example. A. Long call (strike of $50 and premium of $5). Long Call SI X=$50, C=$5 Long Call X=$50, C=$5 0 -5 50 25 100, 45 40 50 55 0 Breakeven 30 75 20 100 45 20 75, 20 Breakeven is S1 = $55 10 50, -5 55, 0 The maximum loss is $5. 0 The maximum gain is infinite 0 0, -5 20 e- 25, -5 40 60 80 100 120 -10 S1 spotprice attime1 B. Short call (strike of $50 and premium of $5). C. Long a future at $55. D. Long a call (strike of $50 and a premium of $5) and short a call (strike of $70 and a premium of $2) on the same underlier. E. Long a call (strike of $55 and a premium of $5) and short a put (strike of $55 and a premium of $5) on the same underlier