We assume an index price of $1175, a 5% effective 6-month interest rate, and premiums of $89.56 for the 1050- strike 6-month call and $64.32 for the 1050-strike 6-month put. Suppose that you short the S&R index and sell a 1050-strike put. (a) Compute the total payoff if the index price is $975 at expiration. (b) Compute the total profit if the index price is $1025 at expiration. We assume an index price of $1175, a 5% effective 6-month interest rate, and premiums of $89.56 for the 1050- strike 6-month call and $64.32 for the 1050-strike 6-month put. Suppose that you short the S&R index and sell a 1050-strike put. (a) Compute the total payoff if the index price is $975 at expiration. (b) Compute the total profit if the index price is $1025 at expiration