T-bills currently yield 4.8 percent. Stock in Nina Manufacturing is currently selling for $85 per share. There is no possibility that the stock will be worth less than $78 per share in one year.

a-1.	What is the value of a call option with a $70 exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Call option value

$

a-2.	What is the intrinsic value? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Intrinsic value

$

b-1.	What is the value of a call option with a $60 exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Call option value

$

b-2.	What is the intrinsic value? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Intrinsic value

$

c-1.	What is the value of a put option with a $70 exercise price? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Put option value

$

c-2.	What is the intrinsic value? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Intrinsic value

$