6 (5 points) For a European 3-month put option, you are given: (a) The price of the underlying stock is 50. (h) The strike price is 45. (c) The stock pays no dividends, (d) The stock price volatility is a 0.2. (e) The continuously compounded risk-free interest rate is 0.05. (1) (4 pts) Calculate the elasticity of the put option (2) [1 pts) Calculate the volatility of the put option. 6 (5 points) For a European 3-month put option, you are given: (a) The price of the underlying stock is 50. (h) The strike price is 45. (c) The stock pays no dividends, (d) The stock price volatility is a 0.2. (e) The continuously compounded risk-free interest rate is 0.05. (1) (4 pts) Calculate the elasticity of the put option (2) [1 pts) Calculate the volatility of the put option