Compute estimated profit in 1 year if Telco buys paylater calls as follows (the net premium may not be exactly zero): a. Sell one 0.975-strike call and buy two 1.034-strike calls. b. Sell two...

Compute estimated profit in 1 year if Telco buys paylater calls as follows (the net premium may not be exactly zero):

a. Sell one 0.975-strike call and buy two 1.034-strike calls.

b. Sell two 1.00-strike calls and buy three 1.034-strike calls.

Draw a graph of profit in each case.