Please sketch the following by hand, not in excel.

4. You can buy 2 call options on XYZ stock at $50 strike price for $4.25 each. At the same time, you can short 1 put option on XYZ at $45 strike price for $7.75. Sketch the net cash flow to the position over the stock price range from $30 to $60. [answer: time 0 outlay -2 4.25 + 7.75-1.75. The net cash flow to the position corresponding to three different stock prices; Stock-30, net cash flow- -16.75; Stock price 45, net position cash flow 1.75; Stock price 55, net position cash flow +8.25]