The stock was priced at 165.13. The expirations are July 17, August 21, and October 16. The continu- ously compounded risk-free rates associated with the three expirations are 0.0503, 0.0535, and 0.0571, respectively. The standard deviation is 0.21. Puts Calls Strike Jul Aug Oct Jul 160 6.00 8.10 11.10 0.75 165 2.70 5.25 8.10 2.40 170 0.80 3.25 6.00 5.75 Aug Oct 2.75 4.50 4.75 6.75 7.50 9.00 For problems 6 through 10 and 13 through 16, determine the profits for the holding period indicated for possible stock prices of 150, 155, 160, 165, 170, 175, and 180 at the end of the holding period. Answer any other questions as 15. A slight variation of a straddle is a strap, which uses two calls and one put. Construct a long strap using the October 165 options. Hold the position until expiration. Determine the profits and graph the results. Identify the breakeven stock prices at expiration and the minimum profit. Compare the results with the October 165 straddle. The stock was priced at 165.13. The expirations are July 17, August 21, and October 16. The continu- ously compounded risk-free rates associated with the three expirations are 0.0503, 0.0535, and 0.0571, respectively. The standard deviation is 0.21. Puts Calls Strike Jul Aug Oct Jul 160 6.00 8.10 11.10 0.75 165 2.70 5.25 8.10 2.40 170 0.80 3.25 6.00 5.75 Aug Oct 2.75 4.50 4.75 6.75 7.50 9.00 For problems 6 through 10 and 13 through 16, determine the profits for the holding period indicated for possible stock prices of 150, 155, 160, 165, 170, 175, and 180 at the end of the holding period. Answer any other questions as 15. A slight variation of a straddle is a strap, which uses two calls and one put. Construct a long strap using the October 165 options. Hold the position until expiration. Determine the profits and graph the results. Identify the breakeven stock prices at expiration and the minimum profit. Compare the results with the October 165 straddle