Consider the following options, both expiring May of 2020, with XYZ (trading for $75 currently) as their underlying stock: - Call option with $75 strike, selling at a premium for $5.00 . Put option with $75 strike, selling at a premium for $3.50 For partial credit, where applicable, type out the variables and their value.Equations aren't necessary A) How would you implement a straddle, and why would an investor use this strategy? B) If held until expiration, what price(s) (list all) of XYZ would allow the investor to break-even? C) If XYZ is trading for $71.00 at expiration, what will be the payoff and what will be the profit/loss for the investor? D) Redo the whole problem (A-C) but instead of a straddle, what if it was a covered call? E) Redo the whole problem (A-C) but instead of a straddle, what if it was a protective put? F) Redo the whole problem (A-C) but instead of a straddle, what if it was a synthetic stock