T-bills currently yield 4.1 percent. Stock in Nina Manufacturing is currently selling for $78 per share. There is no possibility that the stock will be worth less than $71 per share in one year.

a-1	What is the value of a call option with a $68 exercise price? (Round your answer to 2 decimal places. (e.g., 32.16))

Call option value

$

a-2	What is the intrinsic value?

Intrinsic value

$

b-1	What is the value of a call option with a $50 exercise price? (Round your answer to 2 decimal places. (e.g., 32.16))

Call option value

$

b-2	What is the intrinsic value?

Intrinsic value

$

c-1	What is the value of a put option with a $68 exercise price?

Put option value

$

C-2	What is the intrinsic value?

Intrinsic value

$