1. What are the following call options' intrinsic values and time premiums if the price of the underlying stock is $55?Option strike pricePrice of the callCall at $50$7.00Call at $553.00Call at $600.50

2.A put and a call have the following terms:

Call: strike price$50expiration datesix monthsPut:strike price$50expiration datesix months

The price of the stock is currently $55. The price of the call and put are, respectively, $9 and $1. What will be the profit from buying the call or buying the put if, after six months, the price of the stock is $40, $50, or $60?

3. What are the intrinsic values and time premiums of the following call options if the price of the underlying stock is $35? What are the profits and losses to the buyers and the writers if the stock sells for $31 at the options' expiration?

Strike PricePrice of the Option$30$7.50$35$3.00

4. A warrant is the option to buy one share of stock at $40. It expires after one year and currently sells for $10. The price of the stock is $32. What is the maximum possible profit if an investor buys one share of stock and shorts one warrant? What is the range of stock prices that yields a profit on this position?