A derivative security of European style with expiration in 1 year has this payoff: max (0, - max (K-S, S-3K)), where K = 10 is the strike price and Sis the price of the underlying stock at expiration. The stock currently trades at 25, and the following prices for European calls on the stock are known (all expiring in 1 year): Strike Price 10 15.39 20 6.47 1.65 30 4. What is the price of the derivative security? (Hint: The payoff curve should look like something you have seen before. You can also create the same payoff using the given calls) A derivative security of European style with expiration in 1 year has this payoff: max (0, - max (K-S, S-3K)), where K = 10 is the strike price and Sis the price of the underlying stock at expiration. The stock currently trades at 25, and the following prices for European calls on the stock are known (all expiring in 1 year): Strike Price 10 15.39 20 6.47 1.65 30 4. What is the price of the derivative security? (Hint: The payoff curve should look like something you have seen before. You can also create the same payoff using the given calls)