1. The Table below contains the current prices for calls and puts at various strike prices.

Todays Date 11/6/2019 Current Stock Price: $ 319.25 Option expiration 2/6/20(T=.25) risk free rate: 2.25% (quoted on an annualized basis) Call Premiums Strike Price Put Premiums $ 30.75 $ 315 $ 24.75 $ 28.85 $ 320 $ 28.12 a. Calculate each options Intrinsic Value and Time Value. (For Intrinsic and Time Value, assume the options are American). Also, what level would the stock price need to trade at expiration for a trader to break-even if they bought (or sold) the options at the prices given (ignore interest). IV TV Break Even Stock Price $315 Strike Call ______ _______ __________________ $315 Strike Put ______ _______ __________________ $320 Strike Call ______ _______ __________________ $320 Strike Put ______ _______ __________________ b. What is the minimum value (lower bound) of the Call above with the $315 strike price? c. What is the maximum value of the $320 strike put if it was European? d. If you bought the $315 strike call at the $30.75 premium, what is the maximum you could lose at expiration (careful!)? e. If you sold the $320 strike put at the $28.12 premium, what is the maximum total loss you could be subject to at expiration? f. Which set of options (the $315 strike or the $320 strike) violate European Put/Call Parity and by how much? (Must show your calculations for credit).