Your friend has come to you with an investment idea. He notices that for SH Corp. there are put options with a strike price of $18 and call options with a strike price of $22. The current price of SH Corp common stock is currently $20 per share. 1) a) Your friend believes the price of SH Corp stock is going to remain $20 per share until the expiration of these options. Your friend wants you to buy a portfolio with one put option and one call option (where each option contract is for a single share of stock) because he believes the price of SH Corp will remain at $20 per share through the expiration of the contract. Briefly in whether buying this portfolio is a good idea or not. Assume that the premium (fee) for each option contract (call or put) is . Draw an accurate net payoff diagram for the portfolio mentioned in part a). c) Ifyou believe the volatility of SH. Corp stock is relatively low, would you rather have the long position on the portfolio in part a) or the short position on the portfolio in part a)? Briefly explain