Consider options on Oil Futures with a strike price of $200. The 1-year Oil Futures price is $225 and its volatility is 45%. The risk-free rate is 10%.  (a) Use Black-Scholes-Merton (BSM) model to price a 1year European put option on Oil Futures? (Round d1 and d2 terms to 4 decimals and use the Normal Distribution table provided) (2 marks)  (b) Without using Black-Scholes-Merton (BSM) model, what is the price of a 1year European Strip? (2 marks)  (c) What is the delta of the Strip? (1 marks)