Ken is interested in buying a European call option written on Southeastern Airlines, Inc., a non-dividend-paying common stock, with a strike price of $90 and one year until expiration. Currently, the companys stock sells for $91 per share. Ken knows that, in one year, the companys stock will be trading at either $114 per share or $77 per share. Ken is able to borrow and lend at the risk-free EAR of 2 percent.

a.	What should the call option sell for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.	What is the delta of the option? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c.	How much would Ken have to borrow to create a synthetic call? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
d.	How much does the synthetic call option cost? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)