A call option exists on the $/. The exercise price is $1.10. Right now the call option can be purchased for $0,15. $/ is currently selling for $1.12. What is the "intrinsic value" of the call option? Explain the payoff. c. A put option exists on $/. The exercise price is $1.10. Right now the put option can be purchased for $0,01. $/ is currently selling for $1.12. What is the "intrinsic value" of the put option Explain the payoff.