Suppose that both a call option and a put option have been written on a stock with an exercise price of $40. The current stock price is $42, and the call and put premiums are $3 and $0.75,...

Suppose that both a call option and a put option have been written on a stock with an exercise
price of $40. The current stock price is $42, and the call and put premiums are $3 and $0.75,
respectively. Draw fully labelled profit diagrams of a long call and a short put.