Investment Mathematics Use the following information for questions 25.15 and 25.16: For a 1-year European option on a stock, you are given: (i) The stock's price is 60. (ii) The strike price is 60. (iii) The stock pays continuous dividends proportional to its price at a rate of 5%. (iv) The stock's annual volatility is 20% (v) The continuously compounded risk-free rate is 5%. 25.15. Calculate the elasticity of a call option 25.16. Calculate the elasticity of a put option Investment Mathematics Use the following information for questions 25.15 and 25.16: For a 1-year European option on a stock, you are given: (i) The stock's price is 60. (ii) The strike price is 60. (iii) The stock pays continuous dividends proportional to its price at a rate of 5%. (iv) The stock's annual volatility is 20% (v) The continuously compounded risk-free rate is 5%. 25.15. Calculate the elasticity of a call option 25.16. Calculate the elasticity of a put option