The common stock of Triangular File Company is selling at $90. A 26-week call option written on Triangular Files stock is selling for $8. The calls strike price is $100. The risk-free rate is 10 percent per year.

(a) Suppose that puts on Triangular stock are not traded, but you want to buy one. How would you do it?

(b) Suppose that puts are traded. What should a 26-week put with an exercise price of $100 sell for?