Question 7 (8 points) There is a non-dividend-paying stock TTT with current stock price of $30. The risk-free interest rate is 5% per annum, and the volatility of the stock return is 20% per annum. Below you can find two options on TTT. Option European call Time to maturity Strike price 1 year $33 1 year $33 European put There is a 1-year European call and a 1-year European put on this stock with strike price of $33. Please write down the steps for all sub-questions. You can find the CDF table of the standard normal distribution on the last page of the exam. Please find the prices of the European call AND the European put using Black-Scholes Model