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Payoff diagrams! a . Draw the payoff diagram for a short position in a put option with a strike of x 1 and a long

Payoff diagrams!
a. Draw the payoff diagram for a short position in a put option with a strike of x1 and a long position in a call option with a strike of x2.(2 points)
b. Consider the following payoff diagram. Create a portfolio that replicates this payoff structure using only a risk-free bond and call options of any strike (you may long and/or short).(8 points)
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