Problem 1/ For risk management purposes, "investor 1" decided to both own the stock and long a put on the stocks. He entered this position with 100 contracts each containing 65 strategies. He bought the stocks initially at $77.5 per stock and bought the put at $6.5 with a strike price of $72.75. The expiration of the contract is within 2 months. a/ What is the amount of his initial investment b/ What is his gain/loss if the stock price in 2 months is $74.5 c/ What is his maximum loss? d/ What is the breakeven price