1)The stock price was $117.25. The risk-free rates were 7.30 percent (November), 7.50 percent (December) and 7.62 percent (January). The times to expiration were 0.0384 (November), 0.1342 (December), and 0.211 (January). Assume no dividends unless indicated

What is the intrinsic value of the December 120 put?

2)What is the time value of the November 120 put?

3)What is the intrinsic value of the December 125 call?

4)What is the time value of the November 125 call?

5)What is the time value of the December 107 put?

6)What is the time value of the November 107 put?

7)What is the time value of the January 125 call?

8)What is the intrinsic value of the January 107 put?

The following quotes were observed for options on a given stock of a given year. These are American calls except where indicated. Use the information to answer questions 7 through 14