Use the following information to answer the next two questions.

MNO stock currently trades for $75. Call options on the stock mature in six months and have a strike price of $75. The expected standard deviation of the stock is 20% and the annual risk-free rate is 6%.

1) What should be the call premium according to the Black-Scholes model?

2) Use the Black-Scholes model to find the premium for a put option on MNO that expires in six months and has an exercise price of $75. Round intermediate steps to four decimals.

Thank you