3 . In each of the following questions, you should compare the options written on two (possibly different) stocks. In each case, choose which option has the higher implied volatility and justify your choice, or explain why there is not enough information to make that choice. (Pay attention to whether the options are puts or calls!) In all cases, assume that the stock pays no dividends, and that the options are American. a Put A B T 2 1 X 50 50 S 50 50 Option price $8 8 b. Call A B T 2 2 X 50 50 S 50 55 Option price $ 8 14 c. Option Put Call T 2 2 X 50 50 S 50 50 Option price $ 8 9 d. Option Put Call T 3 2 X 50 50 S 50 50 Option price $ 9 8