A client came to you asking for your advice to create an option strategy that will provide the payoff structure using certain options on the stock you chose above. The options should expire in 1 month. The payoff structure and the required type of options will be determined for each group separately and will be provided in a separate file. In Bloomberg, use the GV for the loaded stock to evaluate its historical volatility and the implied volatility. Get a copy of the volatility chart and use the historical volatility as an input for the questions below. Using the FIT screen and Bills tab, select a Treasury yield with maturity closest to the options expiration. Note that the yield is a simple annual rate (APR). Your task is to create a strategy that meets the clients needs using a combination of the options from the list you got from Bloomberg. v) Explain how your client can create the required strategy using options (i.e., what is the mix of options you need for this strategy). vi) Paste a clear copy of the volatility chart. vii)Using a five-step binomial tree approach and showing the inputs you used in your calculation, calculate this strategys cost. viii)Draw the payoff and profit (loss) diagram. ix) At what price (or prices) of the underlying stock the strategy will breakeven? x) What assumptions did the client make that motives the creation of this strategy?