Find investment strategies using Microsoft puts, calls and/or underlying stock, which best express the investor's objectives described below. Construct the profit diagrams and tables, in $10 increments, if the price of Microsoft at expiration falls between $50 and $150. Assume Microsoft currently sells for $100, and that at the money" puts and calls (i.e., with an exercise price of $100) cost $10 each. As usual, the profit calculations ignore dividends and interest. 2. An investor just bought Microsoft for $100 and wants to protect against price declines but wants to retain upside if prices rise. Only one additional transaction is permitted here