Determine whether each of the following ar- rangements behaves like an option. If so, decide whether it is a call or a put and identify the premium. a. You purchase homeowners insurance for your house. b. You are a high school senior evaluating pos- sible college choices. One school promises that if you enroll, it will guarantee your tu- ition rate for the next four years. c. You enter into a noncancelable, long-term apartment lease