Mr. Noman Kareem is a financial advisor to a private investment firm. He has been asked to offer consultation on an investment proposal. This proposal encompass three different call options that are available on the same underlying stock with the same expiration. He is thinking that he should buy a call with an exercise price of $40 and also a call with an exercise price of $30 and sell two calls with an exercise price of $35. HE is thinking to create what position and why? Graph his probable payoff at maturity. What would be his payoff at maturity if the underlying stock price is at $90? What is the lowest value his position could have at maturity and for what range of stock prices? Draw and explain in detail all the payoffs along side the discussion that what may happen if Mr. Kareem advises to follow a specific strategy.