Construct the following portfolios:

a. One Long Put Option and one long Forward where the strike of the Put is equal to the price of the forward 

b. One Short Put and One Short Call such that the strike of the put is less than that of the call 

c. One long Call (A), One Short Call (B), One short Call (C), One Long Call (D) such that the following relationship between strikes holds A

    Under what expectations of the future behaviour of the asset would the portfolios be profitable?