Question 8 An investor buys a non-dividend paying index for S65. To insure strike put with premium $1.22. In order to reduce the cost of this insurance, the investor sells an 80-strike call with premium $5.44. Both options have expiration date one year from now. The free annual effective rate of interest is 5%. What is the maximum possible profit for this position? the index, the investor buys a 65- risk (a) $13.18 (b) $14.18 (c) $15.18 (d) $16.18 (e) $17.18