Exhibit 14.5 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) The current stock price of Zanco Corporation is $50. Zanco Corporation has the following put and call option prices with exercise prices at $45 and $50. Exercise Price Put Price Call Price $45 $1.50 $6.75 $50 $3.75 Refer to Exhibit 14.5. The time premium for the put option with a $45 exercise price is $6.50 s2.75 $1.50. 50,00 55.25 Question 8 (4 points) Refer to Exhibit 14.5. The intrinsic value for the put option with a $50 exercise price is O $0.00 $3.75. O $1.50. O $2.25. 0 88.75. Question 9 (4 points) Refer to Exhibit 14.5. The time premium for the call option with a $50 exercise price is 89.25. $1.75. 54.25 $1.50. 50.00