Problem 22-5 Two-State Option Pricing Model The price of Profile, Inc., stock will be either $72 or $94 at the end of the year. Call options are available with one year to expiration. T-bills currently yield 5 percent. a. Suppose the current price of the stock is $83. What is the value of the call option if the exercise price is $68 per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Suppose the current price of the stock is $83. What is the value of the call option if the exercise price is $78 per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Call value Call value