please answer the 2 questions below:

Question 9 (Mandatory) (2.5 points) The most a long put position can lose is equal to: - - O P a Question 10 (2.5 points) Consider a put option that gives the long position the right to sell the underlying asset for $12.34 in 5.67 years. The continuously compounded risk free rate of interest is 8.9%. The market price of the underlying asset is $10.11. By how much will the option increase in value as the volatility of the underlying asset's returns increases from 12% to 13%? An Excel file can be accessed through clicking the following link: ForwardandOptionValuation(3).xls 22 0.03 0.05 0.07 0.09