3. [3 points) Assume Izabella is analyzing some put options with a strike of $60 which are available on a stock currently priced at $64.50 per share. The options available expire in one year. The risk-free rate of return is 7%. The share price may increase to $72 or may fall to $51, depending upon market conditions, determine: (a) the value of the put options Izabella is considering buying. (b) the value of an identical call option on the stock, assuming put-call parity holds