Problem 13.8 Consider an asset that trades at $100 today. Call and put options on this asset are available with an exercise price of $100. The options expire in 275 days, and the volatility is 0.45. The continuously compounded risk- free rate is 3 percent. A. Calculate the value of European call and put options using the Black- Scholes model. Assume that the present value of cash flows on the underlying asset over the life of the options is $4.25. B. Calculate the value of European call and put options using the Black- Scholes-Merton model. Assume that the continuously compounded dividend yield is 1.5 percent