(e) The common stock of Navara Limited serves as underlying asset for the following derivative securities: i) Long Forward contract with a contract price of $50 ii) Long European style call option with and exercise price of $50 and an option price of $5. iii) Long European style put option with and exercise price of $50 and an option price of $3. Assuming that all the derivatives expiry on the same day, what is the payoff/profit for each of the derivatives at the below closing prices? [6 marks) Call ? Put ? Price at expiry $25 $50 $65 Forward ? ? ? . ? ? 2