Please answer the following questions on paper making it clear your answer to each part: Vega is 300. Furthemnore, an exchange traded option on the same stock is available to trade which Delta of 0.6 and a Vega of 0.8. (a) If the stocks volatility suddenly jumped from 25% per annum to 35% per annum would the value ot the investor's option's portfolio ncrease or deqrease in value? Justify your answer? [1 mark] b) What position in the aboye exchamge tnaded op tion and the stock itself would make the 7vestors overall portollo both. Delta neutial and Vega neutral at the same time? [2 marks]