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Suppose the premium on a 6 - month 9 5 0 - strike S&R call is $ 1 2 0 . 4 1 and the

Suppose the premium on a 6-month 950-strike S&R call is $120.41 and the premium on a put with the same strike price is $51.78, while the premium on a 6-month 1000-strike S&R call is $93.809 and the premium on a put with the same strike price is $74.201. In addition, the effective 6-month interest rate is 2%, and the S&R 6-month forward price is $1,020. You implement a strategy consisting of the purchase of a 950-strike S&R put and a sale of a 1000-strike S&R put. What is the profit or loss from the short 1000-strike S&R put position by itself at expiration (in 6 months) if the market index is $800?
  

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