These are two consecutive questions

1What is the price of a 0.75 year European put option on a dividend-paying stock, where the stock price is $ 64, the strike price is $ 70, and a dividend of $ 0.69 is expected in 0.25 years? The risk-free interest rate is 0.07 per annum for all maturities given in decimal places. Provide the answer to two decimal places.

2Assume that a trader writes five Sept calls with a strike price of 3900 and a premium of 120. How much would the trader gain (lose) on this strategy if the ASX200 index at the expiry of the options is 4200? The value of one index point is $25.

Group of answer choices

Loss of $18,750

Loss of $22,500

Gain of $22,500

Gain of $18,750