Below are some options on stock ABC, all expiring in 3 months. The current stock price is $12.32. Type Call (Call 01) Put (Put #1) Call (Call 82) Put (Put #2) Strike 9.60 9.60 13.70 14.10 Premium 2.41 0.64 0.37 2.78 Sa. What is the minimum payoff and minimum profit (or maximum loss) of a protective put strategy using Put #1? D Minimum Payoff (to nearest cent) 1 Minimum Profit or Maximum loss (to nearest cent; enter negative number for loss) 2 3 b. What is the maximum payoff and profit you can get from a covered call strategy using Call #2? 74 75 Maximum Payoff (to nearest cent) 76 Maximum Profit (to nearest cent) 77 78 Today, you enter into a straddle using Call 1 and Put 1. What is the range of the stock price on 79 the options' expiration date over which you do NOT earn a positive profit? 80 Lower bound of stock price range (to nearest cent) 81 Upper bound of stock price range (to nearest cent) 82 83 d You are considering a spread trade by buying Call 1 and selling call 82. What is the minimum 84 and maximum profit you can achieve with this strategy? Minimum Profit (to nearest cent; enter negative number for loss) 86 Maximum Profit (to nearest cent) 87 85