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XYZ, Inc. common stock is trading at $25.75 per share. Assume the following options expire in 3 months. a. What is the intrinsic value of

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XYZ, Inc. common stock is trading at $25.75 per share. Assume the following options expire in 3 months. a. What is the intrinsic value of an XYZ put option with strike price =$27.50 ? b. If the premium for the put option in a is $2.41, what is the time value? c. What is the intrinsic value of an XYZ call option with strike price =$27.50 ? d. If the premium for the option in c is $0.38, what is the time value? e. What is the maximum possible gain and maximum possible loss to the buyer of the option in a-b? f. What is the maximum possible gain and maximum possible loss to the buyer of the option in c-d

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