pls answer

You would like to be holding a protective put position on the stock of XYZC0, to lock in a guaranteed minimum value of $107 at year-end. XYZ currently sells for $107. Over the next year, the stock price will increase by 10% or decrease by 10%. The T-bill rate is 5%. Unfortunately, no put options are traded on XYZ Co. a. Suppose the desired put option were traded. How much would it cost to purchase? (Do not round intermediate calculations, Round your final answer to 2 decimal places.) b. What would have been the cost of the protective put portfolio? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)