6. [4 points) Recently, Will purchased a 3-month European call option with a strike of $80. In addition, he went long on a European put option with a strike of $70 and an expiration of 3 months. Assume the call option cost was $1.50 and the put option cost was $1.88. (a) What type of options strategy did will construct? (b) Develop a general payoff schedule for the options strategy. (c) What would be his profit If the stock price is ultimately $64 (include the cost of the options)? (d) What would be his profit if the stock price is ultimately $75 (Include the cost of the options)? (c) What would be his profit If the stock price is ultimately $87 (Include the cost of the options)? States) Focus