Sam Lee, a junior analyst at Alpha Capital, is working on the pricing of a European put option. He has gathered the following information. A European put option with a strike price of $29 and 6 months to expiration. No dividends are expected to be paid on the stock prior to the expiration of the option. The current stock price is $30. The volatility of the stock price is 25% p.a. and the continuously compounded riskless interest rate is 5% p.a.

(a) The delta of the European put option given by the Black-Scholes Option Pricing Model is

Note: Please provide your answer with four decimal points in the format of xx.xxxx (for example, if the answer is 12.34567, type in 12.3457; if the answer is -12.34567, type in -12.3457).

(b) The value of the European put option given by the Black-Scholes Option Pricing Model is $?

Note: Please provide your answer with three decimal points in the format of xx.xxx (for example, if the answer is 12.3456, type in 12.346).