Only need numbers 2&3, but please explain as you go

Assume you buy 1 at- the- money call option for 62,500 with a strike price of $1.2400/ and a premium of $.010 per euro. Assume you buy 1 at- the- money put options for 62,500 with a strike price of $1.2400/ and a premium of $.005 per euro. 1. Turn in 2 spreadsheets (Use Excel) (50 points) Examine the payoffs from possible ending spot rates of $1.1800/E to $1.2800/E with increments of S.005 (i.e., 1.1800, 1.1850, 1.1900, 1.2750, 1.2800). Build spreadsheets exactly as we did in class to show the payments, receipts and net position for the call option and put option. For example Spot rates 1.1800 1.1850 1.1900 1.1950 Call Payments Premium Option Exercise??? Call Receipts Spot sale of e ?? ? Call Net Position (CP)???? 2. Turn in a graph (Use Excel) and another spreadsheet. (34 points). (I want hard copies, not emailed). Graph the put option, the call option and the net payoff from 2 combined strategies. That is, (a) buying 1 call and 1 put, and (b) buying 1 calls and 2 puts. (I want all 4 lines on 1 graph, not 4 separate graphs) Hint: for graphing purposes set up a spreadsheet as follows, shade it with the mouse, and click on the graph wizard Spot ratesCall profit 11800 CPS CPS profit from I put PPS Net position (a) CPS+PPS CPS+PPS net position (b) CPS + (2* PPS) CPS + (2* PPS 11850 PPS NOTE: The call profit here is the same as the call net position in the spreadsheet in part Along with the lines, your graph should show all the spot rates on the x-axis, the S profit on the y-axis, and a legend for the 4 lines. The graph should be the size of a full page or points will be deducted. 3. Using a word processing program, specifically answer the questions: (16 points) a. Using the formulas, what are the breakeven spot prices for net position (a) and (b)? b. At what spot rates for this problem is the put in the money, at the money, and out of the money? (Use> and signs as needed). What has happened to net position (b) relative to net position (a)? Is (b) more bullish or c. d. Under what circumstances might a speculator use the combined strategy (a)? c. 3 point bonus: What are the names of strategy (a) and (b)