Moram the OCR OF commodity or whatever the option is being taken out on and the strike price of the ution the right but not the gation to buy an asset is equal to the underlying price i s the price the in to sell an asset) is equal to the strike price minus the underlying price. So, n oto's time w e is equal to i ntrinsic value the difference between the strike price and the price of the underlying a t Option Pre - TM) is a term that refers to an option that possesses intrinsic ITM th - the crevailing market price of the underlying wst: An in the the moment cation means 7. (3 Points) You are saving for retirement and want to know what percentage of you current salary you should save in order to have 70% of your current salary in retirement assume your salary will remain constant in real terms and you will live 25 years in reden in the following table. (For example, with a 3.5% real interest rate and 35 years to retren you will need to save 17.3% of your current salary.) Hint: Assume your current salary is $10,000/year and you will need $7,000/year in retirement. Show your work will remain order to have 70 wine $70 years in retirement. Fill Real interest rate Years to Retirement 15 25 4.5%