Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $73.

						Calls						Puts
				Strike
Option	Expiration			Price		Vol.			Last			Vol.			Last
RWJ		Mar		68			243			4.50			173			4.60
		Apr		68			183			10.35			140			9.35
		Jul		68			152			11.20			56			12.80
		Oct		68			73			12.10			24			11.75

a-1

Are the call options in or out of the money?

	Out
	In

a-2	What is the intrinsic value of an RWJ Corp. call option?

Intrinsic value

$

b-1

Are the put options in or out of the money?

	Out
	In

b-2	What is the intrinsic value of an RWJ Corp. put option?

Intrinsic value

$

c-1

Two of the options are clearly mispriced. Which ones?

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

c-2	What is the minimum amount of arbitrage profit you could make on each of the mispriced options? (Round your answers to 2 decimal places. (e.g., 32.16))

Mispriced option	Profit
(Click to select)Apr callOct callJul callMar call	$
(Click to select)Mar putJul putOct putApr put	$