1. suppose you buy the S&P index for $1000 and buy a 6 month $950 strike put of $51.77. If the 6 month interest rate is 2%, what is the profit if the index is at 950

2. Assume that the 6 month interest rate is 2%, and a 6 month $1050 stick call costs $71.802 and a 6 month $1050 strike put costs $101.214 on the S&T index. Suppose you buy a 1050 strike straddle. Determine the profit if the index is at $1150 in 6 months.