Table 1 Strike 50 Calls Dec 7.3 4.1 1.3 Jan 9.3 Puts Dec 0.6 Nov 6.7 2.5 0.3 Nov 0.2 0.8 3.3 Jan 0.8 2.1 4.8 55 4.7 11.6 160 2.1 4.2 The current stock price is 56.75. The risk-free rates were 7.30% (Nov), 7.50% (Dec) and 7.62% (Jan). The times to expiration were 0.0384 (Nov), 0.1342 (Dec), and 0.2110 (Jan). Assume no dividends. Table 1 above gives quotes that were observed for options on a given stock on November 1 of a given year. These are American calls except where indicated. Use the information to answer the following questions. What is the intrinsic value of the Dec 60 put? . What is the time value of the Nov 55 call