a. Refer to the options with a strike price of $27.00 in the table above. What is the intrinsic value of the October 2023 Put option? b. Refer to the options with a strike price of $27.00 in the table above. What is the time value of the December 2023 Call option? Strike 2700 2725 2750 Table 1 Theoretical Prices for Silver (CME Group): contract size 5,000 oz, $/oz Sep 23 1.098 1.015 0.9387 Calls Oct 23 Dec 23 2.031 3.054 1.944 2.971 1.860 2.890 Futures Prices: Sep 23 = $27.26/oz, Sep 23 2.119 Puts Oct 23 2.852 3.015 3.181 Dec 23 3.875 4.042 4.211 2.286 2.459 Oct 23 = $27.20/oz. Dec 23= $27.46/oz