Question 2. [Intrinsic Value of Options] Assume that S = Spot Price (on exercise date) and K = Strike Price. Provide your calculation and answers to the following steps. First step: compute the Intrinsic Value for each of the following option contracts: Cases (I), (II), (III), and (IV) below. Second step: for each option contract below, discuss whether the option is: (A) In-the-Money; (B) At-the-Money; or (C) Out-of-Money. Case (I) Call Option with S = 50 and K = 45 Case (II) Call Option with S = 100 and K = 110 Case (III) Put Option with S = 155 and K = 155 Case (IV) Put Option with S = 90 and K = 120