Suppose an investor owns $1,000$ shares of Pear, Inc., stock that is trading at $$100$ per share. Design a portfolio insurance strategy assuming a strike price of $$100,$ time to maturity of one year, and a put price of $$9\mathrm{.}35$ per share. Compute the number of puts to purchase and the minimum level of the portfolio. Compute the upside capture if the stock is trading at $$120$ per share in one year and if the stock is trading at $$80$ per share in one year.