15. You are also given the spot price of stock is 50, the stock pays no dividends and the continuously compounded risk free rate is 5%. A 1-year Barrier up-and-in European call option with a strike of 60 and a barrier of 55 has a value of 2.33. Determine the value of a 1-year European put option. a) 3.40 c) 7.40 e) Cannot be solved b) 5.40 d) 9.40 15. You are also given the spot price of stock is 50, the stock pays no dividends and the continuously compounded risk free rate is 5%. A 1-year Barrier up-and-in European call option with a strike of 60 and a barrier of 55 has a value of 2.33. Determine the value of a 1-year European put option. a) 3.40 c) 7.40 e) Cannot be solved b) 5.40 d) 9.40