Given the following information,
price of a stock $39
strike price of a sixmonth call $35
market price of the call $8
strike price of a six-month put $40
market prce of the put $3
Finish the following sentences
a. the intrinsic value of the call is______
b. The intrinsic value of the put is______
c. The time premium paid for the call is______
d. The time premium paid for the put is ______