You are thinking of buying a European put option on MOC share. The current price of one MQC share is $30, and over the next month the share price will either increase to $35.66 (if there is a positive market response to MQC share) or decrease to $28.77 (if there is a negative market response to MQC share). The European put option will expire at the end of one month. The strike price is $29.5. The share will not pay any dividends during the next month. You can borrow money today for one month at the rate of j12 = 9% p.a. e) Which of following statement is correct? O a. The premium of this put option will be higher if its strike price is lower Ob. The term to expiration date of this put option will not impact the option premium value . We can build a replicate portfolio for this put option and find the initial cost of this portfolio O d. None of above statement is correct