Please refer to SLIDE #15 titled “Exercise” on attachment provided and answer th

Please refer to SLIDE #15 titled “Exercise” on attachment provided and answer the questions on the slide to the best of your ability.
For the payoff diagram, you can upload your drawing, or simply use words to describe how it looks like (e.g., flat from $x to $y, upward sloping from $z to $t). If you can’t solve the question, then post your thought process. You can get full credits even if you do not have the correct answers.
This is VERY simple assignment with only 2 questions.