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a. Calculate the intrinsic value for each of the following call options. (Round your answers to 2 decimal places.) b. Now assume that the effective

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a. Calculate the intrinsic value for each of the following call options. (Round your answers to 2 decimal places.) b. Now assume that the effective annual interest rate is 6.94%, which corresponds to a monthly interest rate of 0.56%. 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.)

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