Problem #1: We assume an index price of $900, a 9% effective 6-month interest rate, and premiums of $87.44 for the 1000- strike 6-month call and $67.08 for the 1000-strike 6-month put. We sell a 1000-strike call with 6 months to expiration, and we own an index position with a current value of $900. (a) Compute the total payoff if the index price is $950 at expiration. (b) Compute the total profit if the index price is $1175 at expiration answer correct to 2 decimals Problem #1(a): -50 Correct Answer: 950.00 Your Mark: 0/2 answer correct to 2 decimals Problem #1(b): -6.57 Correct Answer: 114.31 Your Mark: 0/3