Assume today is 30 June 2023, Protege plc's shares are traded at $84.5 per share. You have the following information about the 3-month call and put options on Protege plc's share: European call option: Strike price = $82, premium = $2.86 European put option: Strike price = $82, premium = $0.96 Assume at the expiry date of both option types, the market price of Protege plc's stock is $80 per share. Required: X a) Calculate the payoffs to long and short positions on the CALL options, commenting upon your results. [5 marks] b) Calculate the payoffs to long and short positions on the PUT options, commenting upon your results. [5 marks]