Suppose that the price of a nondividend paying stock is $32, its volatility is 30% and the risk free rate of interest for all maturities is 5% per...

Suppose that the price of a nondividend paying stock is $32, its volatility is 30% and the risk free rate of interest for all maturities is 5% per year. Set up the following positions. Show the payoff for each individual positions and the combined position and also show a graph of the payoffs (both the individual positions and the combined position (Use excel to draw the graphs and the spreadsheet from the class website to price the options. )a)