The price of Build A Fire Corp. stock will be either $57 or $82 at the end of the year. Call options are available with one year to expiration. T-bills currently yield 2 percent.

a.	Suppose the current price of the company's stock is $67. What is the value of the call option if the exercise price is $55 per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value of the call option

$

b.	Suppose the exercise price is $75 and the current price of the company's stock is $67. What is the value of the call option now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value of the call option

$