Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $67.

						Calls						Puts
Option and
NY Close	Expiration			Strike Price		Vol.			Last			Vol.			Last
RWJ
		Mar		61			237			3.90			167			4.00
		Apr		61			177			9.75			134			8.75
		Jul		61			146			10.60			50			11.90
		Oct		61			67			11.50			18			11.15

a-1.

Are the call options in or out of the money?

	In
	Out

a-2.	What is the intrinsic value of an RWJ Corp. call option? (Do not round intermediate calculations.)

Intrinsic value

$

b-1.

Are the put options in or out of the money?

	In
	Out

b-2.	What is the intrinsic value of an RWJ Corp. put option? (Do not round intermediate calculations.)

Intrinsic value

$

c.

Two of the options are clearly mispriced. Which ones? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer

and double click the box with the question mark to empty the box for a wrong answer.)

	Mar call
	Apr call
	Oct call
	Mar put
	Oct put
	Apr put