1. A stock has current price 50. Dividends of 4 are payable quarterly, with the next dividend payable at the end of two months. You are given: (a) A 3-month European Put option with strike 55 costs 10.82. (b) The continuously compounded risk-free rate is 5%. Determine the premium of a 3-month European Call option on the stock with the strike 55. 2. You are given (a) A 1-year dollar denominated European Call option on yen with strike $0.01 costs $0.0031. (b) The spot exchange rate is 98WSI. (C) The continuously compounded risk-free rate in yen is 0.5% (d) The continuously compounded risk-free rate in dollar is 3.5%, Determine the premium of a 1-year dollar denominated European Put option on yen with strike $0.01