a. Calculate the intrinsic value for each of the following call options. (Round your answers to 2 decimal places.) Intrinsic Value Se 62.97 Time to Expiration (months) 1 2 5 6 Company RJay Ray Sell-Mart Xenon Strike 50 70 60 7.5e 0 62.93 71.80 6.88 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 Adjusted Expiration (months) 1 PVX Intrinsic Value Company Ray Ray Sall-Mart Xenon Strike 60 ze 2 Se 62.97 62.93 71. 6.88 5 be 7.5e