The below question is related to the "Financial Derivatives and Risk Management". Describe the five variables like Stock Price, Exercise Price, Risk-Free Rate, Volatility or Standard Deviation, and...

The below question is related to the "Financial Derivatives and Risk Management".

Describe the five variables like Stock Price, Exercise Price, Risk-Free Rate, Volatility or Standard Deviation, and Time to Expiration that the Black-Scholes-Merton Formula uses to calculate the price of call and put options. Provide an adequate assumptions to support your explanations.