A stock has a price of $33 and an annual return volatility of 55 percent. The risk-free rate is 3.17 percent. Perform calculations in Excel.

a.	Calculate the European call and European put option prices with a strike price of $40.00 and a 90-day expiration. (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.)

European call premium	$
European put premium	$

b.	Calculate the deltas of the European call and European put. (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 4 decimal places.)

European call delta
European put delta