The following table shows the option prices of HKMU Inc. common stock (HKMU) on 5 November 2022. The closing price of HKMU on that day was USD208.50 and all stock options will expire on 16 December 2022. HKMU Inc. common stock call/put option price Strike price Call (USD) (USD) 195 18.18 220 4.15 Contract month Dec 2022 Dec 2022 Put (USD) 4.85 17.03 a With the information above, evaluate the intrinsic value and time value of each option (i.e. both the call option and put option at the two strike prices). (12 marks) b Determine whether these options are in-the-money, at-the-money or out-of-the-money. (8 marks)