You are given the following information concerning options on a particular stock: Stock price = $62 Exercise price = $60 Risk-free rate = erste_5% per year, compounded continuously Maturity = 3 months Standard 45% per year deviation a. What is the intrinsic value of each option? (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations.) Intrinsic Value Call option Put option 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.) Time Value Call option Put option Buckeye Industries has a bond issue with a face value of $1,000 that is coming due in one year. The value of Buckeye's assets is currently $1,110. Urban Meyer, the CEO, believes that the assets in the firm will be worth either $940 or $1,400 in a year. The going rate on one-year T-bills is 4 percent. a-1 What is the value of the company's equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value of equity a-2What is the value of the debt? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value of debt Suppose the company can reconfigure its existing assets in such a way that the value in a year will be $820 or $1,620. b. If the current value of the assets is unchanged, what is the new value of the company's equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value of equity