Suppose the stock price for A Corp. at 10 December 2019 is 9.35, the volatility is 0.21, the time to maturity is 1 year and the strike prices are K2=9.35, K1=7.74, risk free rate is 0.77. Calculate the premium for both put and call options using both strike prices?

-Suppose you have a long position in the stock on 10 December 2019. How would you hedge against price declines for a one-year period, using puts, calls and combinations of options? Devise two different strategies, using puts, calls amd combinations of options ?