Assume that it is the 16th of October 2025. Consider an option on a non-dividend payingstock when the stock price on the is $9.84, the strike price is $10, the 3-month risk-free rateis 5% p.a., and the annual volatility of the stock is 25% (calculated on the basis ofcontinuously compounded returns). The option will expire on the third Friday of December(this year).a) b) c) What is the price of the option if it is a European call?What is the price of the option if it is an American call?What is the price of the option if it is a European put?