$)$ The minimum increment of the strike price of Nasdaq $100$ index options is $5$ dollars. To be simple, although unrealistic, let us ignore the cost of the put options. If

you want to set the floor value of the protected portfolio to be $$77$ million, what

should be the strike price in the put options? Demonstrate your results of the

protection for various Nasdaq index levels by creating the following spreadsheet.$)$ The minimum increment of the strike price of Nasdaq $100$ index options is $5$ dollars. To be simple, although unrealistic, let us ignore the cost of the put options. If

you want to set the floor value of the protected portfolio to be $$77$ million, what

should be the strike price in the put options? Demonstrate your results of the

protection for various Nasdaq index levels by creating the following spreadsheet.