Construct payoff and profit diagrams for the purchase of a 950 -strike S&R call and sale of a 1000 -strike S&R call. Verify that you obtain exactly the same profit diagram for the purchase of a 950 -strike S&R put and sale of a 1000-strike S\&R put. What is the difference in the payoff diagrams for the call and put spreads? Why is there a difference? For Questions IV and V, assume the effective 6-month interest rate is 2\%, the S\&R 6- month forward price is $1020, and use these premiums for S&R options with 6 months to expiration: Construct payoff and profit diagrams for the purchase of a 950 -strike S&R call and sale of a 1000 -strike S&R call. Verify that you obtain exactly the same profit diagram for the purchase of a 950 -strike S&R put and sale of a 1000-strike S\&R put. What is the difference in the payoff diagrams for the call and put spreads? Why is there a difference? For Questions IV and V, assume the effective 6-month interest rate is 2\%, the S\&R 6- month forward price is $1020, and use these premiums for S&R options with 6 months to expiration