Solve for these two questions... Question 12.23 : A trader sells a strangle by selling a 7-month European call option with a strike price of $60 for $4 and selling a 7-month European put option with a strike price of $50 for $5. For what range of prices of the underlying asset in 7 months does the trader make a profit? Question 12.24 : Three put options on a stock have the same expiration date and strike prices of $60, $65, and $70. The market prices are $5, $8, and $10, respectively. Explain how a butterfly spread can be created. Construct a table showing the profit from the strategy. For what range of stock prices would the butterfly spread lead to a loss?