You are given the following information on two European call options written on stock XYZ at a strike of 175. Maturity II/16/2018 Maturity 01/17/2020+ Price xrz price Price 4/11/20181 12.50 4/12/2018 9.75 20.10 17.50 178.10 72.55 Assurne an annual rate of interest of 2% and an annual dividend rate of 1%. Both rates are continuously compounded. * a) Compute the implied volatilities of both options on both dates. (You will compute four implied volatilities in total). * b) Create a P&L explanation for these two options. A P&L explanation is an explanation of the change in the option value between the two days. The change in value should be expressed as a function of delta, gamma, vega and time decay. *- i a