Required:

a$.$ Calculate the intrinsic value for each of the following call options. $($Round your answers to $2$ decimal places.$)$

$\backslash$table$[[$Company$,\backslash$table$[[$Time to Expiration$],[($months$)]],$Strike,$S_0,$Intrinsic Value$],[$RJay$,1,$$$,60,$$$,63\mathrm{.}02,],[$RJay$,2,,70,,63\mathrm{.}02,],[$Sell$-$Mart,$5,,60,,63\mathrm{.}80,],[$Xenon$,6,,7\mathrm{.}50,,6\mathrm{.}98,]]$

b$.$ Now assume that the effective annual interest rate is $6\mathrm{.}94\%,$ which corresponds to a monthly interest rate of $0\mathrm{.}56\%.$ 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.$)$

$\backslash$table$[[$Company$,\backslash$table$[[$Time to Expiration$],[($months$)]],$Strike,$S_0,PV(x),$Adjusted Intrinsic Value$],[$RJay$,1,$$$,60,$$$,63\mathrm{.}02],[$RJay$,2,,70,,63\mathrm{.}02,,],[$Sell$-$Mart,$5,,60,,63\mathrm{.}80,,],[$Xenon$,6,,7\mathrm{.}50,,6\mathrm{.}98,,]]$