Problem 3.16. (5 points) Consider a chooser option on a stock S whose current price is $100 per share. Assume that we are using our usual notation, i.e., let VcH (0,t,T, K) denote the time-0 price of a chooser option with choice date t", exercise date T and strike price K. Then, the following inequality holds: (a) VcH (0, t',T, K) s VP(0, T, K) (b) VcH (0, ,T, K) s Vo(0, T, K) (c) max(Vr(0,T, K), Vc(0, T, K)) VcH(0,t',T, K) (d) VcH (O, t',T, K)