Consider the following data Price of stock now =P =414 Standard deviation of continuously compounded annual returns = sigma= 0.3170 Years to maturity = t= 0.5 Interest rate per annum = rt= 7% (or about 3.50% for six months)^13 Beta of the stock =1.42 a-1. Calculate the risk (beta) of a six-month call option with an exercise price of $384 (Do not round intermediate calculations. Round your answer to 2 decimal places.) Risk of call option $ a-2. Does the risk rise or fall as the exercise price Is reduced? Rises falls b-1. Now calculate the risk of a one-year call with an exercise price of $414 (Do not round intermediate calculations. Round your answer to 2 decimal places.) Risk of call option $ b-2. Does the risk rise or fall as the maturity of the option lengthens? Rises falls Consider the following data Price of stock now =P =414 Standard deviation of continuously compounded annual returns = sigma= 0.3170 Years to maturity = t= 0.5 Interest rate per annum = rt= 7% (or about 3.50% for six months)^13 Beta of the stock =1.42 a-1. Calculate the risk (beta) of a six-month call option with an exercise price of $384 (Do not round intermediate calculations. Round your answer to 2 decimal places.) Risk of call option $ a-2. Does the risk rise or fall as the exercise price Is reduced? Rises falls b-1. Now calculate the risk of a one-year call with an exercise price of $414 (Do not round intermediate calculations. Round your answer to 2 decimal places.) Risk of call option $ b-2. Does the risk rise or fall as the maturity of the option lengthens? Rises falls