3. This problem reviews the design of a portfolio. a. (15) Today S = $70. Create the least expensive portfolio involving Puts and Calls where the profit curve has slope zero from 0 to 40, slope 1 from 40 to 50, slope -2 from 50 to 65, slope zero from 65 to 75, slope 2 from 75 to 90 and slope zero after 90, b. (5) What does this person believe about the market? 3. This problem reviews the design of a portfolio. a. (15) Today S = $70. Create the least expensive portfolio involving Puts and Calls where the profit curve has slope zero from 0 to 40, slope 1 from 40 to 50, slope -2 from 50 to 65, slope zero from 65 to 75, slope 2 from 75 to 90 and slope zero after 90, b. (5) What does this person believe about the market