11. Consider a stock index currently standing at 250. The dividend yield, q, on the index is 4% per annum and the risk-free rate, r, is 6% per annum. A 3-month European Call option on the index with a strike price of 245 is currently worth $10. We want to value a 3-month European put option on the index with a strike price of 245. (5) a) The put-call parity relationship for European-style options on a non-dividend paying stock with price So and strike K is c+Ke " = p+So, where r is the risk-free rate and c & p are the value of the call and the put, respectively. What is the put-call parity relationship for the dividend yielding index? Carefully define your notation. b) What is the value of the put in this question? 11. Consider a stock index currently standing at 250. The dividend yield, q, on the index is 4% per annum and the risk-free rate, r, is 6% per annum. A 3-month European Call option on the index with a strike price of 245 is currently worth $10. We want to value a 3-month European put option on the index with a strike price of 245. (5) a) The put-call parity relationship for European-style options on a non-dividend paying stock with price So and strike K is c+Ke " = p+So, where r is the risk-free rate and c & p are the value of the call and the put, respectively. What is the put-call parity relationship for the dividend yielding index? Carefully define your notation. b) What is the value of the put in this