b. Suppose that Lakedistrict Leisure plc (LL) is currently trading for 9.5 per share. The stock pays no dividends. A one-year European put option on LL's stock with a strike price of 10.2 is currently trading for 1.50. The risk-free interest rate is 2% per year. Calculate the fair price of a one-year European call option on Lakedistrict Leisure with a strike price of 10.2. [5 marks) A. 0.50 B. 1.00 C. 1.50 D. 2.00 E. None of the above C. A trader enters into a short cotton futures contract when the price is 50 cents per pound. The contract is for the delivery of 50,000 pounds. How much does the trader gain if the cotton prices at the end of the contract are 48.20 cents per pound and 51.30 cents per pound, respectively? (5 marks) A. 900, 650 B.900,-650 C. 650,-900 D. 650, 900 E. None of the above