The current price of one share of stock A is $300. One period from now, its price either goes up to $375, or goes down to $240. The interest rate per period is r = 0.67%. An alpha-option gives its owner the right, but not the obligation, to exercise at most one,of the options below in the next period:, A call option on stock A with a strike price of $300., A put option on stock A with a strike price of $400.,(a) What is the value of one unit of alpha-option in the event that the stock price goes up to $375?,(b) What is the value of one unit of alpha-option in the event that the stock price goes down to $240?,(c) What should be the no-arbitrage price for one unit of alpha-option now?