For problems 1, 2 and 3, assume the effective 6-month interest rate is 2%, 6-month forward price is 1020. and use these premiums for S&R options with 6 months to expiration: Suppose the current price of S&R index is 1000. Find payoff and profit of the following positions if the underlying asset S&R index is 900. 950, 1000 or 1050 in 6 months: Payoff is the value of position at expiration. Profit is the payoff less future value of the initial cost. Suppose the premium on a 6-month S&R call is S 109.20 and the premium on a put with the same strike is $60.18. What is the strike price? Mike buys a 950 strike call and sells a 1000 call. What is his maximum profit on expiration date? For problems 1, 2 and 3, assume the effective 6-month interest rate is 2%, 6-month forward price is 1020. and use these premiums for S&R options with 6 months to expiration: Suppose the current price of S&R index is 1000. Find payoff and profit of the following positions if the underlying asset S&R index is 900. 950, 1000 or 1050 in 6 months: Payoff is the value of position at expiration. Profit is the payoff less future value of the initial cost. Suppose the premium on a 6-month S&R call is S 109.20 and the premium on a put with the same strike is $60.18. What is the strike price? Mike buys a 950 strike call and sells a 1000 call. What is his maximum profit on expiration date