Question 7 6 pts You bought an American put option a year back for $6. The time-to-maturity was 1 year, stock was trading at $55, and you chose to buy an out-of-the-money option with exercise price = $50.9 months has passed since you bought the option, so time remaining to maturity is 3 months. The stock has fallen sharply over the past 9 months and is now trading at $1.5. Assume risk free rate over next 3 months = 1% (not annualized). What is the payoff if exercised today? What is the maximum payoff from waiting? 48.50, 50 48.50: 49.50 O 48, 49.50 O 48,50 Question 8 5 pts Assume you are interested in a 6-month put Assume that every 3 months, stock can go up by either 10% or come down by 5%. Continuousl.comnaunded