Calculate the intrinsic value and time value from the mid-market (average of bid and offer) prices the

Question:

Calculate the intrinsic value and time value from the mid-market (average of bid and offer) prices the July 2012 call options in Table 1.2. Do the same for the July 2012 put options in Table 1.3. Assume in each case that the current mid-market stock price is $561.40.