The following option prices were observed in the Listed Options Quotations section of the Wall Street Journal for Walt Disney on Tuesday February 27, 2003. The expiration in March is 21 days, in April 52 days and in May 112 days. The continuously compounded risk free rate is .0535. The standard deviation of returns is .28. The stock does not pay dividends. Construct the payoff and profit diagram for a long position in the 120 April puts. Construct the payoff and profit diagram for a short position in the 130 April calls. Define a portfolio, which has the same payoff and profit diagram as the long put position in (a). Buy 100 shares of Disney stock from problem 27 and buy 1 April 125 put contract. Hold the position until expiration. Determine the profits and graph the results. Determine the breakeven stock price at expiration, the maximum possible price at expiration, the maximum possible profit and the maximum loss