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Given the information on Someor shares and options above. construct a protective out using the 23-put with February expiration. Hold the protective put position until

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Given the information on Someor shares and options above. construct a protective out using the 23-put with February expiration. Hold the protective put position until expiration. 3. Write cut the payolf and profit function. (4 marks] Use a table to show the payoffs and profits when the put option expires In the money and out-of-tne-money (2 marks] Calculate the potential profits for this protective put. using share prices ranging from 0 to 26. Plot a graph of these potential profits, with share prices on the x aids, and profits on the y axis. (Hint: It may be caster to do this In an Excel spreadsheet.) (2 marks) What is the breakeven share price at expiration for this protective put? (1 mark] What is the maximum profit and maximum less on this protective put? (1 mark]

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