2. Describe in your own words the relationship between option (put and call) value and the following factors: Stock price Strike Time to maturity T Volatility Risk-free rater 3. Use the supplemented data sheet to show me the put-call parity of Apple stocks striking $120 or $125, expiring on Feb 2016. Make sure to list the data you use in the analysis. 4. Use the supplemented data sheet to derive the upper and lower boundary for call and put striking at $120, expiring on Feb 2016. Is the real price within the boundaries? (two boundaries for call, and two boundaries for put)