/ewconnect.mheducati tion.com/flow/connect.htm 6 Ch17) Problem 17-1 Understanding Option Quotes (Abridged) Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $61. Calls Option 4:43:44 and NY Close Strike Expiration Price Vol. Last RWJ Mar 55 231 Apr 55 Jul 55 140 Oct 55 3.30 9.15 10.00 10.90 161 3.40 8.15 1.00 61 10.55 a-1. Are the call options in or out of the money? o In e Out o-2. What is the intrinsic value of an RWJ Corp. call option? (Do not round intermediate colculations.) b-1. Are the put options in or out of the money? Out b-2. what is the intrinsic value of an wi corp put optson? (Do not round intermectiate calculations.)