You hold the following portfolio of four European options on one share of the same stock with the same expiration date: 1. You write a put option with a strike price $50. 2. You write a call option with a strike price $55. 3. You buy a put option with a strike price $48. 4. You buy a call option with a strike price $57. You receive a total of $1 after completing the above transactions. Answer the following questions: i. Compute the break-even point(s) and the range of price at expiration which makes this strategy profitable (profit > 0). ii. Draw the payoff and profit diagrams of this portfolio