4. (10 points) Given the information below, finish the sentences that follow.

Price of a stock $39

Strike price of a six-month call $35

Market price of the call $8

Strike price of a six-month put $38

Market price of the put $5

a. The intrinsic value of the call is _________.

b. The intrinsic value of the put is ________.

c. The time premium paid for the call is ________.

d. The time premium paid for the put is _____.