pays hO COupun, bt one cash payment at the end)? Explain. 12. and 13.(double weight) An option on a stock has an exercise price exactly equal to its current price. Compare two strategies: (a) buy a naked call on the stock; (b) buy the stock and buy a put on it (having the exercise price equal to its current price). Is the payoff pattern of (a) the same as the payoff pattern of (b)? Explain. 14. Find a pair of options that will create a payoff profile of the following shape: Explain clearly what the options are and why you get this joint shape