Early February, AFred bought one contract of a put option on Mac Donalds for $2.81 per option with a strike price of $202.16. The contract expires today so AFred exercises the option and then immediately sells the shares since the current spot price of the Mac Donalds shares is $192.66. The original cost for the buying the contract was $1, the cost for selling the shares is also $1 while exercising is free. What is AFred's profit? D Question 17 0.5 pts Consider the following situation: You are thinking of buying one so-called E-mini S&P index future. This kind of future has a contract size of $50 times the index value. Currently the index stands at 2,589.76 and you have $9,462.72 in your account. To what value does the index need to increase in order for you to double the money in your account? 0.5 pts Question 18 BFred has entered a forward contract to buy 8.51 ounces of gold for $1.919.85 per ounce. The settlement date is January 15, 2022. If the spot price is $2,321.46 per ounce on the settlement date, what is his profit or loss on the forward contract? (use a minus sign to indicate a loss)