Draw the combined payoff diagram at expiry of a stock options portfolio on the stock ABC that consists of:

a. A European call with 3 months to expiration, strike of $60, purchased today at $5.

b. A European put with 3 months to expiration, strike of $40, purchased today at $3.

c. A European call with 3 months to expiration, strike of $80, purchased today at $2.

Hint: Draw each options payoff diagram separately and then combine them on the same plane. Just drawing all three on the same plane is not the answer. You need to create one combined Payoff diagram of the three.