a. Calculate the intrinsic value for each of the following call options. (Round your answers to 2 decimal places.) Time to Expiration (months) Intrinsic Value Strike 60 Company RJay RJay Sell-Mart Xenon 70 So 62.92 62.84 63.80 6.78 60 7.50 b. Now assume that the effective annual interest rate is 6.82%, which corresponds to a monthly interest rate of 0.55%. Calculate the present value of each call option's exercise price and the adjusted intrinsic value for each call option. (Round your answers to 2 decimal places.) Time to Expiration (months) Adjusted Intrinsic Value Strike So 60 Company RJay RJay Sell-Mart Xenon 70 62.92 62.84 63.80 6.78 60 7.50