a$)$ Calculate the intrinsic value and the time value for the $131$ call $($the strike exchange rate

is $131$ Canadian cents$/$$$)$ and the $137$ put option. The option prices are listed in the "Last

price" column.

b$)$ A multiple choice question: The $133$ put is and the $132$ call is

A$.$ In the money

B$.$ At the money

C$.$ Out of the money

c$)$ If the spot exchange rate turns out be the $135$ Canadian cents$/$ USD on April $19{?}^{th},$ what

would be the profit or loss for the following positions? Note that each option contract

trades $10,000$ US dollars.