(b) The USD is trading at a spot price of AUD1.500/AUD. Further, assume that the premium of an American call option with an exercise price of AUD1.51/USD is 12.50 Australian cents and of an American put option with an exercise price of AUD 1.5500/USD is 17.10 Australian cents. REQUIRED: (i) Calculate the intrinsic values of the call and put options. [1 + 1 = 2 Marks.] Give your answer in cents. For example, 1.23 means 1.23c, or $0.0123. PUT: cents CALL: cents (ii) Calculate the time value of the call and put options. [1 + 1 = 2 Marks.] Give your answer in cents. For example, 1.23 means 1.23c, or $0.0123. PUT: cents CALL: cents