Use the following data to answer questions 3 and 4. Exercise price/Option Type October 40/call 40/put 45/call April 7.75 150 2.75 July 7.25 1.75 3 45/put 3.75 2.5 50/cal 1.50 1.75 8.25 50/put 6.75 4. A butterfly (sandwich) spread is created with options ex a) Describe the makeup of this position C) Write the specific profit function of this position maximum gain and maximum loss of this position e) Find the breakeven stock prices) for this position wich) spread is created with options expiring in October. b) Find the cost of this position 1) Draw the profit loss diagram for this position