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Table 3 gives today's prices of one-year European put and call options written on a share of stock ABC at different strike prices. Call Price

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Table 3 gives today's prices of one-year European put and call options written on a share of stock ABC at different strike prices. Call Price (S) Strike Price (S) Put Price (S) 100 105 110 115 17.00 13.75 11.00 9.00 2.50 3.75 5.50 8.05 Table 3 Provide an analysis of the profit at maturity of the following strategies: a) A bear spread using put options with strike prices of $100 and $110 b) A strangle using options with strike prices of S105 and S115 where you buy the options today. c) A butterfly spread using put options with strike prices of $105, $110, and $115 where you buy the $105 and $115 strike puts In each case provide a table showing the relationship at maturity between profit/loss and the stock price at maturity. Profit is defined as the value of the position at maturity minus its cost today

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