You are given the following information concerning options on a particular stock: Stock price = $64 Exercise price = $60 Risk-free rate = 2% per year, compounded continuously Maturity = 6 months Standard deviation = 57% per year a. What is the intrinsic value of each option? (Leave no cells blank - be certain to enter "0" wherever required.) b. What is the time value of each option? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Call option time value b. Put option time value

You are given the following information concerning options on a particular stock: StockpriceExercisepriceRisk-freeratecontinuouslyMaturityStandarddeviation=$64=$60=2%peryear,compounded=6months=57%peryear a. What is the intrinsic value of each option? (Leave no cells blank - be certain to enter " 0 " wherever required.) b. What is the time value of each option? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)