QUESTION 8 The price of a stock is $46. The volatility of the stock is 35%. The stock pays a continuously compounded dividend yield of 2%. The continuously compounded risk-free rate of return is 5%. A European put option has a strike price of $45 and expires in 6 months. Under the Black-Scholes framework, calculate the price of the European put option. OA. 3.49 OB. 4.08 OC. 4.23 OD.4.95 E.5.15