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b. Suppose that you can trade stocks, risk-free bonds, calls, and puts in the market. You want to generate the following payoff structure (b1) Please

image text in transcribed b. Suppose that you can trade stocks, risk-free bonds, calls, and puts in the market. You want to generate the following payoff structure (b1) Please demonstrate how you can generate the payoff by trading calls only. (b2) Please demonstrate how you can generate the payoff by trading puts and bonds

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