12. For a European PutOnPut option: The current price of the underlying stock is 48. The stocks volatility is o = 0.3 The continuous annual dividend rate is 2%. The continuously compounded risk-free interest rate is 6%. For the PutOnPut option, the premium is 0.59, time to expiry is 3 months, and the strike price is x = 5.25. For the underlying put option, time to expiry is 1 year and strike price is K = 50. a. Options are priced using the Black-Scholes formula Determine the premium for a European CallOnPut option with the same underlying asset and strike price. 12. For a European PutOnPut option: The current price of the underlying stock is 48. The stocks volatility is o = 0.3 The continuous annual dividend rate is 2%. The continuously compounded risk-free interest rate is 6%. For the PutOnPut option, the premium is 0.59, time to expiry is 3 months, and the strike price is x = 5.25. For the underlying put option, time to expiry is 1 year and strike price is K = 50. a. Options are priced using the Black-Scholes formula Determine the premium for a European CallOnPut option with the same underlying asset and strike price