The price of Tara Inc. stock will be either $$64$ or $$84$ at the end of the year. Call options are available with one year to expiration. T$-$bills

currently yield $5$ percent.

a$.$ Suppose the current price of Tara stock is $$76.$ What is the value of the call option if the exercise price is $$49$ per share? $($Do not

round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Value of the call option

b$.$ Suppose the current price of Tara stock is $$76.$ What is the value of the call option if the exercise price is $$74$ per share? $($Do not

round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Value of the call option