8. An investor buys the forward contract at \$105 (see question 2). They also buy a one-vear European-style put ontion on the same stock with a strike of $105 and pay a premium of $10 (see question 6). In a year, the spot stock price is $90 per share. What is the payoff from financially settling both positions? In a year, the spot stock price is $95 per share. What is the payoff from financially settling both positions? In a year, the spot stock price is $100 per share. What is the payoff from financially settling both positions? In a year, the spot stock price is $105 per share. What is the payoff from financially settling both positions? $ In a year, the spot stock price is $110 per share. What is the payoff from financially settling both positions? 9. Draw the hockey stick for the combined positions, including and excluding the premium; remember to label both axes and mark the break-even value