Determine how much the price of BBVA stock should be at this moment, if we know the following: (i) a European CALL option on BBVA with exercise price e 4 and maturity in 6 months has price e 0.5; (ii) the annual risk-free interest rate is 2%; (iii) a European PUT option on BBVA with exercise price e 4 and maturity in 6 months has price e 1.5.

(a) The price cannot be calculated.

(b) Between e 1.00 and e 2.00.

(c) Between e 2.50 and e 2.70.

(d) Between e 2.90 and e 3.00