Rebecca is interested in purchasing a European call on a hot new stock, Up, Inc. The call has a strike price of $99 and expires in 92 days. The current price of Up stock is $119.16, and the stock has a standard deviation of 42% per year. The risk-free interest rate is 6.25% per year.

a. Using the Black-Scholes formula, compute the price of the call.

b. Use put-call parity to compute the price of the put with the same strike and expiration date.