Assume the following for a stock and a call and a put option written on the stock.

EXERCISE PRICE $=$$$26$

CURRENT STOCK PRICE $=$$$25$

VARIANCE $=\mathrm{.}25$

TIME TO EXPIRATION $=3$ MONTHS $=\mathrm{.}25$

RISK FREE RATE $=5\%$

Use the Black Scholes procedure to determine the value of the call option and value of the Put.