sas Establish two portfollos and from them, set out clear arguments to establish the put-call party equation. c + Ke = p+S. on a non-dividend paying stock. where: c is price of European Call Option :p is price of European Put Option Define K, P, T, S. How and why would the above be adjusted if the stock paid dividend with a present value of D over the life of the option? (c) Set up the appropriate portfolios and show with clear reasoning that S, -KSC - PSS, - Ke-** on a non-dividend paying stock, where C = price of American Call Option P = price of American Put Option Define all the other symbols