Total points: 80 Question I Covered Call (10 points) Suppose that call options on a stock with strike prices $55 and 3 month maturity costs $6. Suppose the current stock price is $54. (a) How can those securities be used to create a covered call? (b) What is the initial investment? (c) Construct a table that shows the payoffs and profits for the covered call when the stock price in 3 months is $46, and $58, respectively. The table should looks like this: Payoff Profit Stock Price $46 $58