The following quotes were observed for options on a given stock on November 1 of a givenyear. These are American calls except where indicated. Use the informationto answer questions & through 16. Strike 105 110 115 Nov 8.375 4.375 1.50 Calls Dec 10 7.125 3.875 Jan 11.5 8.25 5.25 Nov 5.3125 0.9375 2.8125 Dec 1.25 2.50 4.75 Jan 2 3.75 4.75 The stock price was 113 1/4. The risk-free rates were 7.30 percent (November),7.50 percent (Decembe and 7.62 percent (January). The times to expiration were .0384 (November), 1342 (December), and 21 (January). Assume no dividends unless indicated. 8. What is the intrinsic value of the December 115 put? 1.75 0.00 3.875 3.00 none of the above a. b. d. 9. What is the intrinsic value of the November 105 put? 0.3125 8.25 b. c. 8.375 d. 0.00 e none of the above 10. What is the intrinsic value of the January 110 call? 0.00 a. b. 8.25 c. 3.75 d. e. 5.00 none of the above