1. (Pricing a forward contract with dividends) The current price of silver is $206 per ounce. The storage cost is $1 ounce per year, payable quarterly in advance. Assuming a constant annual interest rate of 9% compounded quarterly, what is the theoretical forward price of silver for delivery in 9 months? Please submit your answer rounded to the nearest integer - for example, if your answer is 19.8, round it to either 20. 221.17 2. (Pricing Call Options) Consider a 1-period binomial model with R = 1.05, S, = 50, u = 1/d = 1.08. What is the value of a European call option on the stock with strike K