Question $5($a$)$

Assume a stock is selling for $56\mathrm{.}65$ with options available at $50,55,$ and $60$ strike prices. The $55$ call option price is at $4\mathrm{.}50.$

$($i$)$ What is the intrinsic value of the $55$ call?

$($ii$)$ Is the $55$ call in the money?

$($iii$)$ What is the time value $($or speculative premium$)$ of the $55$ call option?

$($iv$)$ What percentage does the time value $($speculative premium$)$ represent of common stock price?

$($v$)$ Are the $50$ and $60$ call options in the money?