Problem #15: The stock price 9 months from the expiration of a European option is $88, the exercise price of the option is [2 marks] $135, the dividend yield is 3% per annum, the risk-free interest rate is 9% per annum, and the volatility is 21% per annum. Use the Black-Scholes-Merton formula to find the price of this put option. (A) 38.27 (B) 42.27 (C) 39.27 (D) 41.27 (E) 40.27 Problem #15: Select