Calculate the theoretical Black-Scholes price for the following European call option: S0 = $50; X = $48; T = 6 days; rf = 1.1% p.a.; = 25% Would the price of an equivalent option with 180 days to expiration be higher or lower? You should know the answer to this before calculating it! What would happen the price of the option if the volatility was lower? You should know the answer to this before calculating it! 2. Using put-call parity (independent research required on this basic options concept) what is the price of an equivalent European put option? Show your workings clearly. 3. What are the deltas of the call and put options above? Comment briefly