Find the upcoming net payment in a plain vanilla interest rate swap in which the fixed party pays 2.88 % per annum and the floating rate for the upcoming payment is 2.38 % p.a. The notional amount is $20 million and payments are based on the assumption of 180 days in the payment period and 360 days in a year.

9.Today is May 1st, a Put option with 30 September maturity is priced at $0.94, The exercise price of the option is $12.50 and the spot price of the underlying is $13.06. What is the intrinsic value and the time value of the option?