Consider the following combined position: .Buy an index for $500. . Buy a 500-strike put with expiration date in 1 year, r-1% annual effective, and put premium P = $41.95. . Borrow $495.05 at r-1% annual effective. ! First, draw a time table for each of the three actions, and the combined position. Then draw the profit diagram of the combined position. What is the name of the combined position? Suppose you short an index valued for $1000. To protect yourself from value increase you buy a) Draw a time table for the shorted index, and the purchased call, and the combined (b) Draw profit diagram for the combined position. What is the name of the combined (c) Verify that you obtain the same payoff diagram and profit diagram by purchasinga a 1000-strike 1-year call with a premium of $93.81. You are given r-2% annual effective. position position? 1000-strike put option with T = 1 year to expiration and premium $74.20, coupled with