HSBC is currently trading at $90.29 per share. You believe that HSBC will have an expected return of 7% with volatility of 26.1% per year, while annual interest rates are at 0.95%. What is the price of an European put on HSBC with a strike price of $90 and maturity of 1 year? (Hint: The price of an European call is given by C(S, K,T) = SN(di) - KR-IN(d2) = where di In(S/(KR-T)) + LOVT, d2 = d -OVT, R = 1+0.95% = 1.0095. Use the attached Normal distribution table to find the values of N(di) and N(d2). ) (4 marks) OVT HSBC is currently trading at $90.29 per share. You believe that HSBC will have an expected return of 7% with volatility of 26.1% per year, while annual interest rates are at 0.95%. What is the price of an European put on HSBC with a strike price of $90 and maturity of 1 year? (Hint: The price of an European call is given by C(S, K,T) = SN(di) - KR-IN(d2) = where di In(S/(KR-T)) + LOVT, d2 = d -OVT, R = 1+0.95% = 1.0095. Use the attached Normal distribution table to find the values of N(di) and N(d2). ) (4 marks) OVT