1.4. Here is a chance to apply option pricing theory to real life. Suppose you have a significant other who would marry you if you ask. (a) What type of option do you have on marriage? Can you tell when it is in the money? (b) Under what circumstances should you exercise this option early? (c) What is the put option in a marriage contract called? (You shouldn't need a hint for this one, but, just in case, it is the name of a song made popular by Dolly Parton!)