You are given the following information concerning options on a particular stock: Stock price = $67 Exercise price = $60 Risk-free rate = 4% per year, compounded continuously Maturity = 3 months Standard deviation = 40% per year a. What is the intrinsic value of each option? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations.) Value Call option $ Put option $ b. What is the time value of each option? (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).) Value Call option $ Put option $