Suppose that you buy a put option with a strike price of $45 at a cost of $7.90; and you buy a call option with a strike price of $50 at a cost of $4.90. Both options expire in one year. In your notes, graph the profit diagram, and answer the questions below based on that diagram.

a. What is the name of this option strategy?

b. If the final stock price is $0.00, what is the net profit from this strategy?

c. If the final stock price is $10.00, what is the net profit from this strategy?

d. If the final stock price is $30.00, what is the net profit from this strategy?

e. If the final stock price is $47.00, what is the net profit from this strategy?

f. If the final stock price is $52.00, what is the net profit from this strategy?

g. If the final stock price is $62.80, what is the net profit from this strategy?

h. If the final stock price is $65.00, what is the net profit from this strategy?