XYZ stock is currently trading at $100. The one-year effective interest rate is 10% ( $1 lent today yields $1.10 one year from now). A one year call with strike price $110 is priced at $8. Graph the PAYOFF function for the following position: 1 short call +1 share +$100 short bond (i.e., borrow \$100). Consider the above position exactly, do not add in a put premium, for example. Be sure to label the points, if any, where the graph intercepts the x-axis or y axis. What common derivative position offers the same payoff as this combination (i.e., short call, short bond, long stock) of investments? In the absence of arbitrage, what should be the price of this derivative if it were available