The price of Swearengen, Inc., stock will be either $69 or $91 at the end of the year. Call options are available with one year to expiration. T-bills currently yield 7 percent.

Suppose the current price of the company's stock is $80. What is the value of the call option if the exercise price is $65 per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Suppose the current price of the company's stock is $80. What is the value of the call option if the exercise price is $75 per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)