4. XYZ stock is trading at $55 per share. Consider an American call and an American put written on XYZ shares with one year to maturity and a strike price of $50. XYZ is not expected to pay dividends any time in the next year and the risk free rate with one year to maturity is 2%, continuously compounded. The call is trading at $9.50; the put is trading at $4.00 (15 pts) a) For the call option: what is its intrinsic value, what is its time value, what is its insurance value and what is the value of its early exercise premium? b) For the put option: what is its intrinsic value, what is its time value, what is its insurance value and what is the value of its early exercise premium