The price of Newgen Corp. stock will be either $$94$ or $$103$ at the end of the year. Call options are available with one year to

expiration. T$-$bills currently yield $7\mathrm{.}90\%.($Do not leave any empty spaces; input a $0$ wherever it is required. Omit $"$$$"$ sign in your

response.$)$

a$.$ Suppose the current price of Newgen stock is $$104.$ What is the value of the call option if the exercise price is $$94$ per share?

$($Round the final answer to $2$ decimal places.$)$

Call option value $

b$.$ Suppose the exercise price is $$109$ in part $($a$).$ What is the value of the call option now?

Call option value