The current price of a stock is $25, and it has a continuous dividend yield of 8% per annum and a volatility of 2% per day. If the risk-free interest rate is 6% per annum continuously compounded, then find the value of a European (no early exercise) call and put option with strike of $25 and 70 days to expiration. Find the call and put deltas.

Call ___________Call Delta __________

Put ____________ Put Delta ___________

The current price of a futures contract is $600, and it has a volatility of 7.2169% per month. If the risk-free interest rate is 12% per annum continuously compounded, then find the value of a European (no early exercise) call and put option with strike of $650 and 300 days to expiration. Find the call and put deltas.

Call ___________ Call Delta ____________

Put ____________ Put Delta __________