The common stock of Company XIT and its derivative securities currently trade in the market at the following prices and contract terms: Both of these options will expire 91 days from now, and the annualized yield for the 91 -day Treasury bill is 4.0%. (Assume face value is \$100.) a. How to construct a synthetic Treasury bill position? The transactions needed to construct the synthetic T-Bill would be to the stock, the put and the call. b. Calculate the annualized yield for the synthetic Treasury bill in Part a using the market price data provided and a simple interest approach. Do not round intermediate calculations. Round your answer to two decimal places. 8 so approach, Do not round intermediate calculations. Round your answer to two decimat price data provided and a simple interest % c. Describe the arbitrage strategy implied by the difference in yields for the octual and synthetic T-bill positions. Show the net, riskless cash flow you could generate assuming a transaction involving 21 actual T-bills and 100 synthetic T-bills, Do not round intermedlate calculations. Round your answer to the nearest cent. d. What is the net cash fiow of this arbitrage strategy at the option expiration date, assuming that 5tock XLT trades at $24 at expiration three months from now? Do not round intermediate calculations. Round your answer to the nearest cent. If your answer is zero, enter 0. s