Joan purchases a one-year 74-strike European call for a premium of 20.90. She also sells a 88-strike call on the same underlying asset for a premium of 12.67. The spot price of the asset at expiration is 93. The effective annual interest rate is 5.5%. Calculate Joan's total profit at expiration.

Group of answer choices

5.96

5.10

5.32

5.74

5.53

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