Problems 19-1 The common stock of Teledyne trades on the NYSE. Teledyne has never paid a cash dividend. The stock is relatively risky. Assume that the beta for Teledyne is 1.3 and that Teledyne closed at a price of $162. Hypothetical option quotes on Teledyne are as follows: Call Strike Put Jul Oct Apr 3/8 S S Price Apr Jul Oct 140 23 1/2 S S 150 16 21 25 160 8 7/8 14 20 170 3 9 13 1/4 1801/ 451/4 9 r = not traded; s = no option offered. 3 9 3 3/4 7 10 20 r 9 11 LIUSLIU LILULILUL ILIRL PUILL! 19-2 Based on the Teledyne data, answer the following: (a) Calculate the intrinsic value of the April 140 and the October 170 calls. (b) Calculate the intrinsic value of the April 140 and the October 170 puts. (c) Explain the reasons for the differences in intrinsic values between a and b. 19-3 Using the Teledyne data, answer the following