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ANWER ALL THE PARTS. DO NOT SKIP ANY PARTS. DO NO CLAIM IF YOU CANT ANSWER ALL THE PARTS.

I NEED STEP BY STEP SOLUTIONS, HOW YOU ARRIVED AT THE ANSWERS.

For the following graphs, conjecture one combination of call options, put options, stock and bond that replicates the respective payoff. Payoff (10,8) (0,5) (6,5)

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