4. An investor sells short 200 shares of ABC stock at $5.25 a share. He sells two put contracts (100 shares each) with a striking price of S5 and a premium of S0.50 a share. Assume interest r-0% annual effective. (a) Draw a time diagram for the short sale, and the sold put. (b) What is the investor's profit if the spot price is below $5 at expiration? (c) The investor will be making profit as long as the spot price is less than what value at expiration