3.10 You have a stock priced at $50 (which you already own). The three-month call with a strike of $55 is $1.50. The three-month put with a strike of $45.00 is $1.75. a. (3 points) How would you create a covered call and what would it cost? Why would you do this? b. (3 points) How would you create a protective put and what would it cost? Why would you do this? c. (4 points) How would you create a collar and what would it cost? Why would you do this?