Suppose a European call option has the following features: So= $20, K=$15, T-3 months, r=10%. What is the minimum price of the call? Suppose the call is selling in the market for $2. Can you make profit in this circumstance, if so how? Show profit from your strategy. Consider that you are going to buy a put option on the following features: So-$37, $=42, r=5%, T-6 months. What is the minimum price you like to pay for the option? Suppose that the Put is selling in the market for $2. How can you make profit from this situation? Show stepwise process to calculate you profit or loss. Consider a European put option for non-dividend paying stock. The stock is currently selling for $35. The strike price is $40. The option matures in 3 months and the risk free rate of return is 10%. What is the minimum price you like to pay for the put option? Suppose the put is selling in the market for $3. How can you make profit from this situation? Show stepwise process.