An exotic derivative has the following payoff function: Payoff { -20 if ST 60 Select all naked trades below necessary to replicate this payoff. It may help to graph the payoff function on scratch paper. Buy a put with a strike K = 20 Sell a call with a strike K = 60 Buy the underlying asset Sell a zero coupon bond with a face value of 40 Sell a put with a strike K = 20 Buy a call with a strike K = 60 An exotic derivative has the following payoff function: Payoff { -20 if ST 60 Select all naked trades below necessary to replicate this payoff. It may help to graph the payoff function on scratch paper. Buy a put with a strike K = 20 Sell a call with a strike K = 60 Buy the underlying asset Sell a zero coupon bond with a face value of 40 Sell a put with a strike K = 20 Buy a call with a strike K = 60