QUESTION 2 [7 MARKS] The current December SPI 200 futures contract is at 3301. The ASX 200 is at 3305.4. The current 30-day bank bill is at 4.492%. A. If there are 45 days remaining until December 2001 futures contracts expire, determine whether put-call parity is maintained for the December call & put options on SPI 200 futures with the exercise price closest to the current SPI 200 price. [4 marks] I CALL OPTIONS pu'r m E? a! :3 'zzmmrmma W325\" III II at nr. :13 m M an : 5 zt'immmsi''t 6 _ ugahwmgm \"mm m4: :tmtimmf ktg'lmlt II! ID)\": as 1331* him\" - '51! u 4!!! g; tun-1.: m I! on In II!!!\" II - -m f? if!) : name m II M an m -u I! E to! m It! It It: In in '2 M) u In new: If! It: u so II on all!!! kiwi\" It If} m I] u M n if can: 12 It It In It ~11 mm lm I\" -3 ~15 I!!! III is I m an at It: :9 It -u if! I In t I - 3: In 1 a item 11? Ill ll: m as a an till II In If It a n 1 in!\" II an: ill 10: m 4! till \"I II - 411 13!! 13 human III: -u 0! lat. lling It at m a ill\" I! m at an :7! u m: :1! lm Ill :5 {5: ID 3 lm]: an :5: a I mum at: u I! nln In It - on him 1 at an mum him 55! it! #23 B. If put-call parity is not maintained, explain the possible reasons why it might not be. [3 marks]