Strike 105 110 115 Calls Dec 10 7.125 3.875 Jan 1.5 8.25 5.25 Dec 1.25 2.50 4.75 Nov Nov 5.3125 0.9375 2.8125 3.75 4.375 1.50 4.75 The stock price was 113 1/4. The risk-free rates were 7.30 percent (November), 7.50 percent (December) and 7.62 percent (January). The times to expiration were 0384 (November), 1342 (December), and 211 (January). Assume no dividends unless indicated. 11. What is the intrinsic value of the November 115 call? 1.50 0.00 a. b. c. 2.8125 1.75 none of the above d. 12. What is the time value of the December 105 put? 1.25 b. 8.25 0.00 d. 7.00 e. none of the above 13. What is the time value of the November 115 put? 1.75 b. 2.8125 c. 1.0625 d. 0.00 e. none of the above 14. What is the time value of the November 110 call? 0.00 b. 4.375 c. 1.125 d. 3.25 e. none of the above 15. What is the time value of the January 115 call? 5.25 0.00 3.50 1.75 none of the above b. c. d