3. 3 points) Assume Ryan is analyzing some put options with a strike of $25 which are available on a stock currently priced at $28.75 per share. The options available expire in one year. The risk-free rate of return is 10%. The share price may increase to $40 or may fall to $15, depending upon market conditions, determine: (a) the value of the put options Ryan is considering buying. (b) the value of an identical call option on the stock, assuming put-call parity holds. 3. 3 points) Assume Ryan is analyzing some put options with a strike of $25 which are available on a stock currently priced at $28.75 per share. The options available expire in one year. The risk-free rate of return is 10%. The share price may increase to $40 or may fall to $15, depending upon market conditions, determine: (a) the value of the put options Ryan is considering buying. (b) the value of an identical call option on the stock, assuming put-call parity holds