You are given the following information concerning options on a particular stock: Stock price = $64 Exercise price = $60 %3D %3D 2% per year, compounded continuously Risk-free rate = Maturity = 6 months Standard = 57% per year deviation 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.) Intrinsic Value a. Call option intrinsic value a. Put option intrinsic value b. Call option time value b. Put option time value

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