Section 2 Calculations. 5pt each part, 50 pts total. Show your work, no work = 0 pt! Do not round your work.

For 9 & 10: The price for a call option contract on one standard Euro contract, at a strike price of $1.1100 per Euro at the expiry date in 12-months, is $400. The price for a put option contract on one standard Euro contract, at a strike price of $1.1150 at the expiry date in 12-months is $375.

10) Assume Jane buys a call and sells a put, borrows/invests the proceeds at annual rate 5%. Calculate her position (gain / loss), to nearest cents, assume the stock price is $1.1010 per Euro at maturity.