Suppose that the price of a stock today is 45. Over the next two 3-months periods (two period Binomial tree), it is expected either to increase by 6% or to decrease by 5%. Let us assume that the (a) Calculate the price of a 6-month European call option written on non-dividend paying stock with (b) Calculate the price of a 6-month European put option written on non-dividend paying stock with risk-free rate of interest is 6% per annum (continuous compounding). strike price 46 strike price 46 (c) Verify that the prices obtained in (a) and (b) satisfy the put-call parity relationship