A European put option that has an expiration in 6 months is selling for $6, the current value of the underlying stock is $105. The risk free rate is 4% annually. The put option has an exercise price of $110. The underlying stock does not pay any dividends.

What is the intrinsic value of the put? What is the time value of the put?

What should be the price of a call option on the same stock with the same strike price and expiration date?