A call and put expire in 0.45 year and have an exercise price of $95. The underlying stock index is worth $100 and has a standard deviation of 0.30. The annual risk-free rate is 8 percent. The annual dividend yield (q) on the stock index is 3%. Use the four-period binomial model in estimating the index option prices. Estimate the call and put prices today (C and P) from the four-period binomial option pricing model. (Hint: use the put-call parity relation to find the put price.)