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(c) Suppose that the effective interest rate for 3-month is 2%, the NASDAQ 3-month forward price is $1020, and the premiums for S&P 3-month call

(c) Suppose that the effective interest rate for 3-month is 2%, the NASDAQ 3-month forward price is $1020, and the premiums for S&P 3-month call and put options are $120.405 and $51.777 respectively. If you buy a 950-strike call, sell a 950-strike put and lending $950.98, what is the payoff and profit of this portfolio in general? You answer must include the S&P stock price at expiration (ST) greater or equivalent (S>K) or smaller (ST
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c) Suppose that the effective interest rate for 3 -month is 2%, the NASDAQ 3 -month forward price is $1020, and the premiums for S\&P 3-month call and put options are $120.405 and $51.777 respectively. If you buy a 950 -strike call, sell a 950 -strike put and lending $950.98, what is the payoff and profit of this portfolio in general? You answer must include the S&P stock price at expiration (ST) greater or equivalent (STK) or smaller (ST

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