Problem 4/ For risk management purposes, investor 3 decided to undertake a strategy consisting of buying a put that has a strike price of $78 and selling a put that has a strike price of 68. The initial stock price was $45, the put premiums were $2.5 and $8.75. a/ What is the amount of her initial investment? b/What is her gain/loss if the stock price in 2 months is $38? c/ What is her gain/loss if the stock price in 2 months decreased by 45 basis points? (Note: 100 basis points = 1% = 0.01$) d/ What's the breakeven price