1. Determine the intrinsic values of the following call options when the stock is selling at $32 just prior to expiration of the options.
a. $25 call price
b. $30 call price
c. $35 call price
2. Determine the intrinsic values of the following put options when the stock is selling at $63 just prior to expiration of the options.
a. $55 put price
b. $65 put price
c. $75 put price