The following quotes 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 questions 19 through 24. Calls Puts Dec Nov Dec Jan Nov Jan 83/8 10 11 1/2 5/16 Strike 105 110 115 71/8 8 1/4 33/4 4 3/8 112 15/16 2 13/16 2 1/2 4 3/4 1 3 7/8 51/4 4 3/4 The stock price was 113 1/4. The risk-free rates were 7.30 percent (November). 7.50 percent (December) and 7.62 percent (January). The times to expiration were .0384 (November). .1342 (December), and .211 (January). Assume no dividends unless indicated. 19. What is the intrinsic value of the December 115 put? a 1.75 b. 0.00 3.875 d. 3.00 e. none of the above 20. What is the intrinsic value of the January 110 call? AAN 8.25 o 5.00 none of the above What is the time value of the December 105 put? 1.25 8.25 c. 0.00 7.00 none of the above What is the time value of the November 110 call? 0.00 4.375 1.125 d. 3.25 none of the above 23. What is the lower bound of the December 105 call if this is an European call? a. 9.86 b. 0.00 8.25 9.26 none of the above 24. Suppose you knew that the January 115 options were correctly priced but suspected that the stock was mispriced. Using put-call parity, what would you expect the stock price to be? For this problem, treat the options as if they were European 113.73 123.23 121.23 112.77 none of the above ooo