Use the following information for the next 3 questions, A strategy consists of shorting a market index product at $860 and longing a call on the index with a strike of $890. If the call premium is $30 and the 6-month interest rates is 1.5%. Question 3 (3.33 points) Compute the profit or loss from the long call position by itself at expiration (in 6 months) if the market index is $850. O $30.45 loss $70.60 loss o $40.6 gain $30.45 gain $9.55 gain Question 4 (3.33 points) Compute the profit or loss from the short index position by itself at expiration (in 6 months) if the market index is $850, $22.90 gain $10.15 loss $22.90 loss $10.15 gain Question 5 (3.33 points) What is the profit or loss of the strategy at expiration (in 6 months) if the market index is $850? $63.50 gain $5.35 loss $40.60 loss $7.55 loss