1. Given a 3-month put price is 4.5 at strike price of 57.5 on an asset that is currently trading at 55.17. Assume risk free rate to be 7%. What is the price of a call option with strike price of 57.5 with 3 month maturity on the same asset? Show how you got the value. (Hint: You can use Put-Call parity to solve this)

2. Suppose you have bought a put option with strike price of $30.00 by paying $2.00 two months ago. On the expiration day, price of the stock is $28.62. What should you do? What is your total profit or loss on this trade?