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Question 1 : Assume Apple's Common stock trades at 1 8 0 . 9 5 . ON ALL QUESTIONS USE THE LAST SALE ( THE

Question 1:
Assume Apple's Common stock trades at 180.95.
ON ALL QUESTIONS USE THE LAST SALE (THE COLUMN NAMED LAST) I.E, For Apple 170 call the last sale is 21.84.
A. Is 170 call in the money, out of the money or at the money?
B. What is the intrinsic value?
C. What is the time value?
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