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

EXERCISE PRICE $=$$$25$

CURRENT STOCK PRICE $=$$$22$

VARIANCE $=\mathrm{.}25$

TIME TO EXPIRATION $=6$ MONTHS

RISK FREE RATE $=2\%$

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