The following companies shares and options trade at the identified prices. The options have a July expiry and the identified strike prices. (Leave no cells blank - ensure that "0" is entered wherever required. Do not round intermediate calculations. Round the final answers to 2 decimal places.)

	Share Price	Call Option Price	Put Option Price
Abracadabra	$58.85	$13.30	$2.95	Strike at $50
Cinder	45.10	2.40	2.30	Strike at $45
I-invest	8.01	1.70	1.50	Strike at $8
Tomato	39.87	2.85	2.70	Strike at $40

a. Calculate the intrinsic (minimum) value and the speculative premium on the call option of each company.

	Share Price	Strike Price	Intrinsic Value	Call Option Price	Speculative Premium
Abracadabra	$58.85	$50.00	$	$13.30	$
Cinder	45.10	45.00		2.40
I-invest	8.01	8.00		1.70
Tomato	39.87	40.00		2.85

b. Calculate the intrinsic value and the speculative premium on the put option of each company.

	Share Price	Strike Price	Intrinsic Value	Put Option Price	Speculative Premium
Abracadabra	$58.85	$50.00	$	$2.95	$
Cinder	45.10	45.00		2.30
I-invest	8.01	8.00		1.50
Tomato	39.87	40.00		2.70

c. If the share price of Abracadabra goes to $70, calculate the price of the call and put options if both have a speculative premium of $0.50.

Call option price	$
Put option price	$

d. If the share price of Abracadabra goes to $45, calculate the price of the call and put options if both have a speculative premium of $1.25.

Call option price	$
Put option price	$