(1 point) In this chapter, assume the log-normal model. Unless otherwise stated, assume no arbitrage opportunities The current spot price of a stock is $74.00, the expected rate of return of the stock is 9.6%, and the volatility is 25%. The risk-free rate is 5.9% (a) Compute the price of a European call option on the stock with strike price $78.00 expiring in 18 months Enter your solution as a dollar value, including dollar symbol ($), to two decimal places. (b) Compute the price of a European put with the same strike and expiration date. Enter your solution as a dollar value, including dollar symbol (5), to two decimal places