You are given the following information concerning options on a particular stock:

Stock price $=$ $$62$

Exercise price $=$ $$60$

Risk$-$free rate $=3\%$ per year, compounded continuously

Maturity $=6$ months

Standard deviation $=36\%$ 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.$)$

b$.$ What is the time value of each option? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$