1) AAPL is trading at $ 224.00. In 1 year it can either go up to $ 300 or down to $ 175. If current 1 year t-bill is yielding 0.05%, find the price of a 1 year call option with an exercise price of $ 200. Use put - call parity to find the price of a one year put option on AAPL with a strike price of $ 200. 2) The spot USD /GBP rate is 1.1505. The1 year t-bill rate in the US is .9335%. The 1 year rate in the UK is 0.7969%. a) Calculate the 1 year USD/GBP 1 year forward rate. b) If the observed 1 year forward rate is 1.35 USD/GBP, is there an arbitrage opportunity? How would you take advantage of this? Show all your transactions and steps