Suppose the current premium on the 105-strike put is $8, while the premium on the 95-strike put with the same (1 year) maturity is $4. Using the above options, construct the following strategy by completing the table below. Assume that the underlying asset's (UA) current price of $100 and the risk-free rate is 0%. Price of UA on exercise date One short 105- strike put payoff (1) Two long 95- strike puts payoff (2) Long UA payoff (3) Total cost of (1)+(2)+(3) Net profit (1)+(2)+(3) 80 85 90 95 100 105 110 115 120 Write the net payoff and profit of (1)+(2)+(3) algebraically Draw the payoff of the hedging strategy (i.e., (1) and (2) and it combination). 20 15 10 300 105 110 115 120 30 -20 Name the strategy that we are using to hedge the long underlying asset. What is the cost for setting up this hedge? Suppose the current premium on the 105-strike put is $8, while the premium on the 95-strike put with the same (1 year) maturity is $4. Using the above options, construct the following strategy by completing the table below. Assume that the underlying asset's (UA) current price of $100 and the risk-free rate is 0%. Price of UA on exercise date One short 105- strike put payoff (1) Two long 95- strike puts payoff (2) Long UA payoff (3) Total cost of (1)+(2)+(3) Net profit (1)+(2)+(3) 80 85 90 95 100 105 110 115 120 Write the net payoff and profit of (1)+(2)+(3) algebraically Draw the payoff of the hedging strategy (i.e., (1) and (2) and it combination). 20 15 10 300 105 110 115 120 30 -20 Name the strategy that we are using to hedge the long underlying asset. What is the cost for setting up this hedge