An investor has a long position in a non-dividend-paying stock, and additionally, has a long 1-year 40-strike put on this stock to protect herself from downside movement in stock price. The current stock price is 40 and the price of the 40-strike put is $2. The continuously compounded risk free interest rate is 5%. (a) Find the breakeven stock price for the investor. (b) To reduce the cost, the investor decides to short sell additionally a 1-year 50-strike call option, draw the payoff diagram (NOT the profit diagram) for the overall position