Q6 Sub-questions (a), (b), (c) below are not connected and each should be answered independently. (a) Assume that a bank customer wants to be able to withdraw L5,000 at the end of five years, and to withdraw another 6,000 a year later (that is, at the end of six years), leaving a zero balance in the account after the last withdrawal. If the risk-free rate is 5% per annum, how much should the bank customer deposit today to satisfy her balance needs? [5] (b) Using a combination of European put and call options, create a portfolio with the following payoff at maturity time T : {402ST,603ST,ifST