1: We assume an index price of $1100, a 1% effective 6-month interest rate, and premiums of $95.67 for the 1050- strike 6-month call and $71.33 for the 1050-strike 6-month put. We sell a 1050-strike call with 6 months to expiration, and we own an index position with a current value of $1100. (a) Compute the total payoff if the index price is $900 at expiration. (b) Compute the total profit if the index price is $1100 at expiration (A) 901.00 (B) 899.00 (C) 900.00 (D) 897.00 (E) 898.00 1(a): Select Part (a) choices. (A) 36.63 (B) 37.63 (C)34.63 (D) 35.63 (E) 38.63 +1(b): Select t Part (b) choices