Question #35 (5 points) Suppose Catherine recently purchased two long call option contracts on a stock with a strike price of $50. In addition, she also purchased two long put option contracts on the same stock with the same strike price ($50). The options expire on the same date in three months. The call options cost $1.25 and the put options cost $2.87 (a) What strategy was created? [1 point) (b) What is the cost of the options strategy? [1 point) (c) If the underlying share price is ultimately $42.50 per share, what is the total net profit on the strategy? (1.5 points) (d) If the underlying share price is ultimately $56 per share, what is the total net profit of the strategy? (1.5 points)