The October 16, 2002, quotes for S&P100 options are as listed below. S&P 100 (OEX) Options Strike Price 440 440 440 440 440 440 450 450 Expiration Nov. 2002 Nov. 2002 Dec. 2002 Dec. 2002 Jan. 2003 Jan. 2003 Dec. 2002 Dec. 2002 Call or Put Price Call 22 15 29.5 24 31.5 28.8 25 30 Put Call Put Call Put Call Put Required: i. ii. iii. iv. Determine the expiry of the options and the rights they give to the buyers. (2 marks) Which option(s) is (are) in the money. (1 mark) Define the term 'premium' and identify the options' premium. (1/2 mark) Determine the worth of the Call and Put option when they expire. (1/2 mark)