7. A dividend paying stock has price 60. You are given: (a) The continuous compounded risk-free rate is 4%. (b) A 6-month European Call option on the stock with strike 60 costs 2.20. (c) A 6-month European Put option on the stock with strike 60 costs 1.20. Determine the present value of dividends paid over the next 6 months on the stock. 8. A non-dividend paying stock has price 40. You are given: (a) The continuously compounded risk-free rate is 3%. (b) A 6-month European Call option on the stock costs 2.10. (C) A 6-month European Put option on the stock with the same strike price as the Call option costs 3.00 Determine the strike price