Assume that the price of a forward contract is XXXXXXXXXXThe European options on the forward contract has an exercise price $150, expiring in 60 days. 3.75% is the continuously compounded risk-free...

Assume that the price of a forward contract is 127.87. The European options on the forward contract has an exercise price $150, expiring in 60 days. 3.75% is the continuously compounded risk-free rate, and volatility is 0.33.

1. Using the Black-Scholes-Merton model, compute the price of a put option on the underlying asset.