Suppose that the parameters in a GARCH(1,1) model are = 0.03, = 0.95, and = 0.000002. (a) What is the long-run average volatility? (b)If the current volatility is 1.5% per day, what is your estimate of the volatility in 20, 40, and 60 days? (c) What volatility should be used to price 20-, 40-, and 60-day options?

Can you go into detail on the answer for c. part c is the part im confused about