You have $270,000 to invest in Facebook which is currently trading at $270 per share.You believe FB will return 15% over the next year with a standard deviation around expected return equal to FB's one year 50 Delta implied volatility.Below is additional market information on FB options and swaps:

FB Dividend Yield = 0

FB 3 Month 50 Delta Volatility = 37

FB 9 Month 50 Delta Volatility = 38

One Year LIBOR = 0.4%

25 Delta Put/Call Spread = 3 points

Dealer Financing Rate for Long Stock = LIBOR plus 30bps

Dealer Rebate Rate on Short Stock = LIBOR minus 15bps

Dealer Desired Profit on Swap = 30 bps/year

Return on Cash = One Year LIBOR

Expected Liquidity Shortfall = 5 bps for Option, 0 for Swap

a)Please price a one year FB option struck at $270

b)What is the expected amount of cash you will have at the end of one year if you enter into a one year Equity Swap on 1,000 shares of FB ($270,000 notional value)

c) Please compare the expected amount of cash of the Equity Swap in 3b with buying FB $270 Calls assuming you only buy 10 Call Options Contracts (1,000 share equivalents).