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3. (27 points) The payoff function of a contract at maturityen below, C(S,T) = S, S > K T' T 0, S, K T

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3. (27 points) The payoff function of a contract at maturityen below, C(S,T) = S, S > K T' T 0, S, K T where K is the strike price and the current price of a risky sto does not pay dividends.is a constant parameter . In the Black-Scholes framework, price this contract by partial approach You need to show clear derivation steps

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