Problem 11.17. What is the result if the strike price of the put is higher than the strike price of the call in a strangle? The payoff result is shown below. The profit pattern from a long position in a call and a put when the put has a higher strike price than a call is much the same as when the call has a higher strike price than the put. Both the initial investment and the final payoff are much higher in the first case Xt Please redraw the options diagram and show all the data