Consider a stock paying continuous dividends of =5%. Assume r=0.07,=0.27 and today's stock price of S0=90. a) You sell 100 Calls with strike K=95 and expiration in 45 days (assume 365 days in a year). You also construct a Delta hedge to manage your risk. If tomorrow (1 day later) stock price rises to $90.50, find your net profit/loss from your hedged portfolio. Hint: don't forget about dividends! b) Repeat this problem for the case of selling 100 Puts with strike K=95 and all other parameters staying the same. Compare the answers you get in (a) and (b)