1.Let's say that one unit of foreign exchange is now trading at $1.50. The risk-free interest rate in the U.S. is 5% per year for continuous compounding, and the risk-free interest rate in the foreign exchange market is 9% per year for continuous compounding. The exercise price of the American Call option for this foreign exchange is $1.40. Calculate the lower limit of this 6-month American Call option price?

Round to the second decimal place.

2.The company paid 2,000,000 stock options. Both the spot price and the event price of the stock are $60 (ATM option). The remaining maturity of this stock option is eight years, and the vesting period is two years. The company intends to assess the value of this option on the assumption that the expected remaining period is 6 years and volatility is 22% per year. Treasury shares, the underlying asset of the option, are to pay dividends of $1 per year from half a year after issuance. The risk-free interest rate is 5% per annum payable semi-annually in arrears. Answer how many million won is the cost of issuing stock options. In million, round up to the second decimal place.