3. Suppose that an investor sells a one-year European call option on the UNIV share with an exercise price of 500 EUR and buys a put option on the UNIV share with an exercise price of 410 EUR. The price of the call option is 18 EUR and the price of the put option is 20 EUR. (Disregard the time value of money) a) Draw the position diagram of the composite position. b) At what price is the break-even achieved? c) What will the investor's profit or loss be if the share is selling for 450 EUR at its maturity date? d) What will the investor's profit or loss be if the share is selling for 300 EUR at its maturity date? (5+4+5+5 19 points)