Problem #1: We assume an index price of $1125, a 2% effective 6-month interest rate, and premiums of $96.70 for the 1075- strike 6-month call and $72.49 for the 1075-strike 6-month put. We sell a 1075-strike call with 6 months to expiration, and we own an index position with a current value of $1125. (a) Compute the total payoff if the index price is $1000 at expiration. (b) Compute the total profit if the index price is $950 at expiration answer correct to 2 decimals Problem #1(a): 1125 Correct Answer: 1000.00 Your Mark: 0/2 answer correct to 2 decimals Problem #1(b): 98.63 Correct Answer: -98.87 Your Mark: 0/3