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Q 12. Refer to Exhibit 11.6, What is the time value and what is the intrinsic value of a call option on Wells Fargo with

Q 12. Refer to Exhibit 11.6, What is the time value and what is the intrinsic value of a call option on Wells Fargo with a strike price of $23.00 and an October expiration? What is the time value and what is the intrinsic value of a put option on Wells Fargo with a strike price of $23.00 and an October expiration?

(please find exhibit 11.6 in attached file)

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