The current spot price of a stock is $34, the expected rate of return of the stock is 8%, and the volatility of the stock is 20%. The risk-free rate is 3% for all times. The stock pays a dividend of 25 cents in 2 months.

Compute the price of a European call option on the stock with strike price $35 expiring in 4 months.

Do the same for a European put with the same strike and the same expiration date.