A stock price is currently $50. Over each of the next two three-month periods it is expected to go up by 6% or down by 5%. The risk-free rate is 5% per annum with continuous compounding. What is the value of a six-month European call option with a strike price of $51? (Round your answer to the 4 decimal places)

Consider the setting of the previous problem but now find the value of a six-month European put option with a strike price of $51. (Round your answer to the 4 decimal places)