Rebecca is interested in purchasing a European call on a hot new stock, Up, Inc. The call has a strike price of $100 and expires in 90 days. The current price of Up stock is $120, and the stock has a standard deviation of 40% per year. The risk-free interest rate is 6.18% per year. First, using the Black-Scholes formula, compute the price of the call. And then, use put-call parity to compute the price of the put with the same strike and expiration date. Based on put-call parity, what should be the put option price. a. $ 2.65 b. $ 1.78 c. $ 3.61 d. $ 4.22 e. $ 1.98