4. Andromache has decided to trade in option contracts of Semele Ine. These are traded in the Chicago Board Options Exchange (CBOE). Her strategy is: Long on June $35 call option. The price of one contract is $6.70 Short two June $40 call options. The price of one contract is $3.80 Long one June 845 call option. The price of one contract is $1.75 The share price of Semele Ine could be $30, $35, S40, 845,850 just before expiration of the option contracts (a) Construct the payoff table of Andromache's strategy. This should include the pay-off and niet pay-off for each option strategy and the combined strategy. 14 mars (b) Construct the plot of the pay-off and net pay-off of Andromache's strategy 12 marks (c) What should the share price(s) of Semele loc be so that Andromache can break-even? 14 mark [Total: 10 ark