For the next few questions, use the following information: For the following problems assume the effective 6-month interest rate is 2%, the S&R 6-month forward price is $1020, and use these premiums for S&R options with 6 months to expiration: Strike Call Put 950 120.405 51.777 1000 93.809 74.201 1020 84.47 84.47 1050 71.802 101.214 1107 51.873 137.167 Question 8 0/1 pts You consider the strategy from the previous question to be too expensive. Consider how you could make the same bet on volatility over the next 5 months at a lower cost, but with a strategy that would require the underlying to have a larger move in price for the option strategy to payoff. What is the option premium you would pay for this lower cost (but lower payoff) strategy given the following prices: Strike 280 295 310 Call 53.45 44.75 37.88 Put 40.48 43.26 50.45