2. We leave the details of pricing option contracts to another course. However, the following site can be used to demonstrate how the features of an option affect the option's prices. Go to http://www. intrepid.com/-robertl/ and click on one of the choices under "Option Pricer." Indicate what hap- pens to the price of an option under each of the fol- lowing situations:

a. The strike price increases.

b. Interest rates increase.

c. Volatility increases.

d. The time until the option matures increases.