"The price of Chive Corp. stock will be either$$$$57$ or $$84$ at the end of the year. Call options are available with one year to expiration.$$T$-$bills currently yield $4$ percent.

a$.$ Suppose the current price of the company$$s stock is $$65.$ What is the value of the call option if the exercise price is $$50$ per share?

b$.$ Suppose the exercise price is $$60$ in part $($a$).$ What is the value of the call option now?"

Input Area:

Low stock price $$57$

High stock price $$84$

T$-$bills $4\%$

Current price $$65$

Exercise price $$50$

Exercise price $$60$

$($Use cells A$6$ to B$11$ from the given information to complete this question.$)$

Output Area:

Call price $$16\mathrm{.}96$

Call price