Determine the intrinsic values of the following call options when the stock is selling at $32 just prior to expiration of the options.

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