a. The spot price of silver is $15 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming that interest rates are 10% per annum for all maturities, calculate the futures price of silver for delivery in nine months. Please around the answer to the nearest 0.01. (5 marks] A. 16.00 B. 16.18 C. 16.36 D. 16.72 E. None of the above b. Suppose the risk-free rate is 7% per annum and the dividend yield on a stock index over the next three months is 2% per annum. All interest rates and dividend yields are continuously compounded. If the stock index is trading at 500, what is the implied price of the 6-month stock index future contracts? Please around the answer to the nearest 0.01. [5 marks] A. 525.64 B. 512.66 C. 506.29 D. 519.11 E. None of the above c. The price of a non-dividend paying stock is $19 and the price of a three-month European call option on the stock with a strike price of $20 is $1. The risk-free rate is 4% per annum. What is the price of a three-month European put option with a strike price of $20? Please around the answer to the nearest 0.1. (5 marks] A. 1.4 B. 1.6 C. 1.8 D. 2.0 E. None of the above