Required: 11 a. Calculate the intrinsic value for each of the following call options. (Round your answers to 2 decimal places.) Company Time to Expiration (months) 1 Strike So Intrinsic Value 01:3131 $ 60 $ 62 97 RJay RJay Sell-Mart 2 70 6293 5 60 65.80 Xenon 6 750 6.88 b. Now assume that the effective annual interest rate is 6.94%, which corresponds to a monthly interest rate of 0.56%. Calculate the present value of each call option's exercise price and the adjusted intrinsic value for each call option. (Do not round your intermediate calculations and round your final answers to 2 decimal places.) Company Strike Time to Expiration (months) 1 $ S PVIX) Adjusted Intrinsic Value 605 6297 RJay RJay 70 62 93 Sell-Mart ON 65 80 Xenon 7.50 688 MC