Given the following information, price of a stock $52 quarterly dividend paid by the stock $ 1 strike price of a six-month call $50 market price of the call $ 5 strike price of a six-month put $50 market price of the put $ 3 finish the following sentences.

a) The intrinsic value of the call is _________.

b) The time premium paid for the put is _________.

c) If an investor constructs a naked call, the cash outflow or cash inflow is _________.

d) The most the buyer of the call can lose is _________.

e) The maximum amount the buyer of the stock can lose is _________.

At the expiration of the options (i.e., after six months have elapsed), the price of the stock is $56.

f) The cash dividend received during the six months by the holder of the call is _________.

g) The profit (loss) from selling the call covered is _________.

h) The profit (loss) from writing the put is _________.

i) The profit (loss) from shorting the stock six months earlier is _________.

j) At expiration, the time premium paid for the put is _________ while the time premium for the call is _________.