Compute estimated profit in 1 year if XYZ buys paylater puts as follows (the net premium may not be exactly zero): a. Sell one 1.025-strike put and buy two 0.975-strike puts. b. Sell two 1.034-strike...

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

a. Sell one 1.025-strike put and buy two 0.975-strike puts.

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

Draw a graph of profit in each case.