(25 Points) (Chooser Option) A chooser option gives the owner the right to choose at time to > 0 to buy a call or a put option With strike K and expiry T > to. Hence at time to the value of the chooser option is max {C(to), 13050)} Where C(to) and P(t0) are the value of call and put option With strike K and expiry T respectively. Use risk neutral approach to price this option at time t = 0 under the Black-Scholes-Merton model. Hint: use option call-put parity