c) The spot price of the stock is $25. The volatility of the stock is 25% p.a. The continuous compounded risk-free rate is 10% p.a. The stock will pay yield at 2% p.a. 1. Calculate the value of a European put option to sell this stock at $23 in 6 months. (7 marks) ii. Calculate the value of a European call option to buy this stock at $23 in 6 months using the put- call parity. (3 marks) (Total Marks: 10)