1. In each of the following questions, you are asked to compare two options with parameters as given. The risk-free interest rate for all cases should be assumed to be 6%. Assume the stocks on which these options are written pay no dividends. Explain the rationale for your answer. a. Which put option is written on the stock with the lower price? b. Which put option must be written on the stock with the lower price? c. Which call option must have the lower time to expiration