You are given the following information concerning options on a particular stock: Stock price = $59 Exercise price = $55 Risk-free rate 2% per year, compounded continuously Maturity = 6 months Standard = 54% per year deviation a. What is the intrinsic value of each option? (Leave no cells blank - be certain to enter "O" 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.) Intrinsic Value Call option intrinsic value Put option intrinsic value Call option time value Put option time value