1. Show that the following are solutions to the Black-Scholes-Merton equation (a) V(t, S) = S; (b) V(t, S) = aert for some r > 0. Explain in each case which financial derivative (option) is being priced by V(t, S). 1. Show that the following are solutions to the Black-Scholes-Merton equation (a) V(t, S) = S; (b) V(t, S) = aert for some r > 0. Explain in each case which financial derivative (option) is being priced by V(t, S)