14) Suppose you pay 15 to buy a European put option on a given security (K=200, t=3). Assuming a continuously compounded nominal annual interest rate of 3 percent (3%), if the price of the security at time 3 is S(5)= 195, then the present value of your return from this investment is: a) 72.79 b) 75.79, c) 27.21 d) 27.79