c) For each of the following strategies: (i) Determine the payoffs (net gain or profit) for the following set of prices at expiration date: P0=15,30,40,45,50,60,75 (ii) What investment is required to establish the position? (iii) Draw the profit (payoff) diagram associated with the strategy. Strategies: (1) Purchase Bank of Nova Scotia stock at $47, and buy one put option with an exercise price of 45 . (2) Purchase one call and one put, both with the same exercise price of 45 . (3) Purchase one call with exercise price of 45 and write (sell) one call with exercise price of 50