Suppose that the price of IBM stock is $134.07 on 10/24/2019. The prices of American call/put options with the expiration date of 12/20/2019 and various strike prices are given in the following table. (a) Please calculate the intrinsic value and time value of each contract on 10/24/2019 and fill in the form. (b) Which strike price leads to the maximum time value for call and put options? Why? Call Time value Intrinsic value Strike Price ($) 125 130 135 140 145 9.55 5.20 2.45 0.88 0.28 Expiration date = 12/20/2019 Time value Put Intrinsic value 1.16 2.37 4.57 8.05 12.29