Problem 1/ A risk management strategy using derivatives consists of a combination of two put contracts. .If the stock price at expiration equals $24, the put contract with the lowest strike price is exercised and the contract holder makes a profit of S23 . If the stock price at expiration equals S54.25, then: **the put contract with the highest strike price is exercised and the contract holder makes a profit of $2.75 **the total loss out of the strategy is S3.25 .The lowest put premium (the highest put premium - $2.5)/3 1/ Find is the initial investment? 2/ Find the lowest strike price? 3/ Find the highest strike price? 4/ Find the lowest premium price? 5/ Find the highest premium price? 6/ Find the breakeven price using the formula with the highest strike price