The underlying asset is IBM shares $($common for both the call and the put options$).$The exercise price E $=$ $$150\mathrm{.}00($common for both the call and the put options$).$The expiration date is $3$ months later $($common for both the call and the put options$).$Both the call and the put options are of European type.With one unit of the call option, you may buy one share of IBM at the exercise price E$.$With one unit of the put option, you may sell one share of IBM at the exercise price E$.$Investment in the safe asset grows at a continuously compounding rate of return, r $=0\mathrm{.}01.$On Date $0,$ you construct two portfolios I and I.Portfolio I $($Stock $+$ Put contains one share of IBM, and one unit of the Put option.Portfolio II$($Call $+$ Investment in the safe asset $)$ contains one unit of the Call option, and some amount of the safe asset.Question $1$: What is the amount of the safe asset at date $0,$ which will havethe value E on the maturity date?$($dollars$).$Question $2$: What will be the value of the Portfolio I on the maturity day?ST: IBM price on the maturity$$120\mathrm{.}00$ $$130\mathrm{.}00$ $$140\mathrm{.}00$ $$150\mathrm{.}00$ $$160\mathrm{.}00$ $$170\mathrm{.}00$STPut ValueValue of Portfolio IQuestion $3$: What will be the value of the Portfolio II on the maturity day?STCall ValueValue of the safe assetValue of Portfolio II$$120\mathrm{.}00$$$150\mathrm{.}00$ST: IBM price on the maturity$$130\mathrm{.}00$ $$140\mathrm{.}00$ $$150\mathrm{.}00$ $$160\mathrm{.}00$$$150\mathrm{.}00$$$150\mathrm{.}00$$$150\mathrm{.}00$$$170\mathrm{.}00$$$150\mathrm{.}00$ $$150\mathrm{.}00$If your answers are correct, two portfolios I and II have the same value onQuestion $4$: the maturity date irrespective of the IBM share price. What does thisimply?