Problem #6: We assume an index price of $1175, a 4% effective 6-month interest rate, and premiums of $93.12 for the 1025 strike 6-month call and $73.95 for the 1025 -strike 6-month put. Suppose that you buy the S\&R index, buy a 1025-strike put, and borrow \$927.6. (a) Compute the total payoff if the index price is $1200 at expiration. (b) Compute the total profit if the index price is $925 at expiration. Problem #6(a) : 1200 answer correct to 2 decimals Correct Answer: 235.30 Your Mark: 0/2 Problem #6(b): 1238.61 answer correct to 2 decimals Correct Answer: 273.91