The put option on the stock of KMR with exercise price of $60 is selling for $5. The current price of the stock is $54. a. Calculate the payoff and profit for long position in the option at the expiration under the following outcomes: (3 marks) Price of the underlying Payoff Profit $ 0 30 40 50 55 60 65 70 80 b. Draw the graph for payoff and profit for the long in the put option.