1. The graph below shows the Black-Scholes price of a call option on stock S as a function of the current spot price So. The option strike is K = 100, stock volatility is o, stock dividend yield is 0, time to maturity is T, and the safe interest rate is r. The dotted line shows the payoff at maturity, as a function of the value of the stock at time T, Sr. Please sketch the price of the same option if Tnew > T, keeping all the other parameters constant. 30 Dollars 02 10 0 60 80 120 140 100 Stock Price Call Price Payout 1. The graph below shows the Black-Scholes price of a call option on stock S as a function of the current spot price So. The option strike is K = 100, stock volatility is o, stock dividend yield is 0, time to maturity is T, and the safe interest rate is r. The dotted line shows the payoff at maturity, as a function of the value of the stock at time T, Sr. Please sketch the price of the same option if Tnew > T, keeping all the other parameters constant. 30 Dollars 02 10 0 60 80 120 140 100 Stock Price Call Price Payout